Search results
Results from the WOW.Com Content Network
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 ...
A contronym is a word with two opposite meanings. For example, the word original can mean "authentic, traditional", or "novel, never done before". This feature is also called enantiosemy, [1] [2] enantionymy (enantio-means "opposite"), antilogy or autoantonymy. An enantiosemic term is by definition polysemic.
In any technical subject, words commonly used in everyday life acquire very specific technical meanings, and confusion can arise when someone is uncertain of the intended meaning of a word. This article explains the differences in meaning between some technical terms used in economics and the corresponding terms in everyday usage.
Opposition is a semantic relation in which one word has a sense or meaning that negates or, in terms of a scale, is distant from a related word. Some words lack a lexical opposite due to an accidental gap in the language's lexicon. For instance, while the word "devout" has no direct opposite, it is easy to conceptualize a scale of devoutness ...
Thesaurus Linguae Latinae. A modern english thesaurus. A thesaurus (pl.: thesauri or thesauruses), sometimes called a synonym dictionary or dictionary of synonyms, is a reference work which arranges words by their meanings (or in simpler terms, a book where one can find different words with similar meanings to other words), [1] [2] sometimes as a hierarchy of broader and narrower terms ...
The word appears to derive from Old Provençal into Old French biais, "sideways, askance, against the grain". Whence comes French biais, "a slant, a slope, an oblique". [3] It seems to have entered English via the game of bowls, where it referred to balls made with a greater weight on one side. Which expanded to the figurative use, "a one-sided ...
Traditional economic theory often assumes that individuals are rational actors who make decisions by carefully weighing costs and benefits to maximize their own self-interest. However, behavioral ethics suggests that human behavior is influenced by psychological, social, and contextual factors, leading to departures from pure rationality.
Anti-competitive behavior refers to actions taken by a business or organization to limit, restrict or eliminate competition in a market, usually in order to gain an unfair advantage or dominate the market. These practices are often considered illegal or unethical and can harm consumers, other businesses and the broader economy.