Search results
Results from the WOW.Com Content Network
In macroeconomics, the triangle model employed by new Keynesian economics is a model of inflation derived from the Phillips Curve and given its name by Robert J. Gordon. The model views inflation as having three root causes: built-in inflation , demand-pull inflation , and cost-push inflation . [ 1 ]
In developmental economics, the Poverty-Growth-Inequality Triangle (also called the Growth-Inequality-Poverty Triangle or GIP Triangle) refers to the idea that a country's change in poverty can be fully determined by its change in income growth and income inequality. According to the model, a development strategy must then also be based on ...
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
In 1988, Marilyn Waring published If Women Counted: A New Feminist Economics, a groundbreaking and systematic critique of the system of national accounts, the international standard of measuring economic growth, and the ways in which women's unpaid work as well as the value of Nature have been excluded from what counts as productive in the economy.
He was the first to claim optimality under his own criterion or to support the claim by convincing arguments. [ citation needed ] He defines equilibrium more abstractly than Edgeworth as a state which would maintain itself indefinitely in the absence of external pressures [ 11 ] and shows that in an exchange economy it is the point at which a ...
In financial economics, contingent claim analysis is widely used as a framework both for developing pricing models, and for extending the theory. [6] Thus, from its origins in option pricing and the valuation of corporate liabilities, [ 7 ] it has become a major approach to intertemporal equilibrium under uncertainty .
Economic Recessions in the U.S. Recessions are a normal part of the business cycle. There are periods of economic growth and periods of economic slowdown and it’s all part of the same cycle.
A chart pattern or price pattern is a pattern within a chart when prices are graphed. In stock and commodity markets trading, chart pattern studies play a large role during technical analysis. When data is plotted there is usually a pattern which naturally occurs and repeats over a period. Chart patterns are used as either reversal or ...