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  2. Glossary of economics - Wikipedia

    en.wikipedia.org/wiki/Glossary_of_economics

    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 ...

  3. Economics terminology that differs from common usage

    en.wikipedia.org/wiki/Economics_terminology_that...

    In common usage, as in accounting usage, cost typically does not refer to implicit costs and instead only refers to direct monetary costs. The economics term profit relies on the economic meaning of the term for cost. While in common usage, profit refers to earnings minus accounting cost, economists mean earnings minus economic cost or ...

  4. Deflation - Wikipedia

    en.wikipedia.org/wiki/Deflation

    In economics, deflation is a decrease in the general price level of goods and services. [1] Deflation occurs when the inflation rate falls below 0% (a negative inflation rate). Inflation reduces the value of currency over time, but deflation increases it. This allows more goods and services to be bought than before with the same amount of currency.

  5. Macroeconomics - Wikipedia

    en.wikipedia.org/wiki/Macroeconomics

    The original version of Okun's law states that a 3% increase in output would lead to a 1% decrease in unemployment. [9] The structural or natural rate of unemployment is the level of unemployment that will occur in a medium-run equilibrium, i.e. a situation with a cyclical unemployment rate of zero.

  6. Shortage - Wikipedia

    en.wikipedia.org/wiki/Shortage

    [1] [2] In economic terminology, a shortage occurs when for some reason (such as government intervention, or decisions by sellers not to raise prices) the price does not rise to reach equilibrium. In this circumstance, buyers want to purchase more at the market price than the quantity of the good or service that is available, and some non-price ...

  7. Tax cut - Wikipedia

    en.wikipedia.org/wiki/Tax_cut

    The Fiscal Multiplier and Economic Policy Analysis in the United States, a 2015 study by J. Whalen and F. Reichling, focused on the short-term effects of tax cuts and the potential of the economy. The results showed that the tax cuts or spending increases are dependent on the economic situation.

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    Yes! You can take your email on the go with an iOS & Android app.

  9. Disinflation - Wikipedia

    en.wikipedia.org/wiki/Disinflation

    Disinflation is a decrease in the rate of inflation – a slowdown in the rate of increase of the general price level of goods and services in a nation's gross domestic product over time. It is the opposite of reflation.