• Economic Equilibrium

    • It is in the subject matter of economics that the term economic equilibrium is being widely used to refer to a definite situation in the present day world. The situation is such that the forces that work in the economy are... 

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  • Income Statistics

    • The income statistics of a national level which is popularly known as the National Income Accounts or NIAs are the basic comprehensive statistics which are analyzed in macroeconimis terms. In the early twentieth century there... 

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  • What is Econometric in economy

    • The study along with the explanation of the various principles related to economics is done by the method of econometric. This is done by econometric by developing and applying various statistical and quantitative techniques.... 

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  • What is Usury

    • The much used term of usury in the industry of loan is being derived from the Medieval Latin term usuria, which can be translated to mean interest. The Latin term usura can also be said to be the main source from which the... 

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  • Is a Second Stimulus Package a Necessity

    • The first stimulus plan has not achieved much and there are many people who feel that a second stimulus plan is a necessity if we look closely at the economic situation today. One of the main advocator of a second stimulus... 

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  • Leading Indicators

    • Leading Indicators are the economic or financial indicators that are used to determine and predict the future. These are just opposite to lagging indicators that are used to measure past performance. The leading indicators... 

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  • Rationalization

    • Rationalization in economics is an attempt that is made to change the adhoc workflow that is preexisting in to the one based on a set of rules that are published. Rationalization can also be defined as the organization of... 

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  • Reservation Price

    • Reservation price or reserve price in microeconomics is the maximum or the highest price a buyer is willing to pay for a service or good. In the same way it is also the lowest or minimum price a seller is willing to sell... 

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  • Distortion

    • Distortion is a phenomenon that can be noticed everywhere in every from of life. When the natural regular shape of any thing or person changes drastically then the resultant phenomenon is termed as distortion. Distortion... 

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  • Fiscal Stimulus should Continue in 2010

    • World Bank chief declared that Governments should continue the fiscal stimulus in to 2010. It is necessary to maintain the fiscal stimulus to combat recession. To analyze how the maintaining of fiscal stimulus would be... 

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  • Opportunity Costs

    • Opportunity Cost is the cost of the next best available option available to various people or individuals from the mutually available multiple choices for selection. This is the most important key concept in the study of... 

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  • Rubinomics

    • Rubinomics is the economic terminology coined by the financial experts and economic reformists to describe the economic policies followed, implemented and practiced by the Clinton administration during the period of 1990s.... 

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  • Homeowner Insurance

    • Are we all familiar with the term insurance? In Economics, insurance is defined as a form of risk management which is used to protect against the risk of contingent loss. With the passage of time, different insurance companies... 

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  • Mortgage Loan Officer

    • This is the person who acts as the intermediary between the lender and the borrower. To the lender, the officer represents them in deals made with the borrower. The officer also represents the borrower when dealing with the... 

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  • Absorption

    • Overview Absorption in economics is the total demand for all types of marketed goods and services by all economic agents living in a given economy, in spite of the source of the goods and services. Absorption can also mean... 

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  • Aggregation Problem

    • In economics, an aggregate is a summary measure that describes an economy or a particular market. The aggregation problem therefore refers to the problems or difficulties of treating a practical or hypothetical aggregate... 

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  • Interest Rates

    • An interest rate can be defined as the amount a borrower pays a lender for the use of money that is not owned by them. For example, a small business might borrow from a bank to start their business, and the lender receives... 

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  • Compound Interest

    • Compound interest is an economic concept where accumulated interest is added once again to the principal amount, which means interest is added on top of interest from then onwards. The act where interest is declared to be... 

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  • Keynesian Economics

    • Keynesian economics can also be referred to as Keynesianism and Keynesian Theory. It is an economic theory known by the name of the British economist John Maynard Keynes who established it to explain the Great Depression.... 

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  • Disposal Tax Effect

    • Descriptive Overview Disposal tax effect as a finance phrase, traces its origin from engineering economics whereby it can be depicted as a situation of tax savings or additional taxes ensuing from disposing off the last item... 

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  • MicroEconomics

    • Microeconomics can be defined in a number of different ways: “Microeconomics deals with the decision making and market results of consumers and firms.” “Microeconomics is the study of the economic behavior... 

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  • MacroEconomics

    • This is a branch of economics which considers the performance of economy as a whole. It is concerned with aggregates like national income, national consumption and investment. It studies the national economy and determines... 

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  • Basic Income

    • A Basic income is a proposed system of social security, whereby an income is unconditionally granted to all citizens without any prerequisites. The income is a sum of money that is sufficient to live on and is provided to... 

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  • Rivalry

    • Overview Description Rivalry, according to economists, is the incapability of multiple consumers to use the same good. Economics divide goods into two broad ways; rivalrous (rival) and nonrival goods. A rival good is the... 

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  • Marginal Tax Rate

    • Description Whereas an average tax rate is the total payable tax as a percentage of the total income earned, marginal tax rate is the tax rate on the last dollar of the income earned – the tax paid on any additional dollar... 

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  • Income Effect

    • Overview According to economics, income effect depicts the effects of alterations in the prices on consumption. It is the change in an individual’s income or an economy’s income, and how that change will have an impact... 

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  • Implicit Cost

    • Overview Implicit cost, according to economists, happens when an individual foregoes an alternative action, without making the actual payment. It is basically a cost represented by a lost chance, say in the use of a company’s... 

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  • Gift Tax

    • Description According to economics, a gift tax is a graduated tax, taxed to a donor by the federal and most state governments; property is gifted from one citizen to another. It is simply a tax on the right to hand down property... 

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  • Income Disparity

    • Overview Income disparity can also be referred to as wage gap. It describes the irregularities and unfairness in the processes of wealth and income distribution among social-economic classes within a given society. Income... 

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  • Gross Domestic Product

    • General Definition The GDP or GDI, acronym for Gross Domestic Product and Gross Domestic Income respectively is the measure of a nationwide income and production or output in a given nation’s economy. It is simply the... 

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  • Equity

    • Overview Economic equity refers to what is fair. With all variables constant, an economy where resources, goods or services are apportioned amongst citizens is considered fair. There are five economic goals that each economy... 

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  • World Income

    • World income distribution In economics, the most weighty and profound questions is why some countries in the world are rich while others are poor; why some country’s income is higher than the others. Economists have over... 

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  • Tax Purposes

    • The Four “R”s Basically, taxation has four main purposes also identified as tax effects. They are: Revenue, Redistribution, Repricing and Representation. Revenue The main tax purpose is revenue. Tax revenue... 

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  • Tax Burden

    • Economics define tax incidence as the study and analysis of the outcomes of a specific tax on the sharing of economic interests and welfare. It is believed that tax incidence falls on the category that it will ultimately... 

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