Log In Sign Up Subjects Business Economics Oligopoly Explain the meaning of oligopoly market as it is used in economics?Question:Explain the meaning of oligopoly market as it is used in economics?Economics:Economics studies scarcity and its impact on the use of resources, production...
Economics (197) Finance (1038) Management Basics (25) Management Functions (33) Marketing (642) Operations (855) Organizational Behaviour (850) People Management (704) Search with tags No tags available. A set up where two or more parties engage in exchange of goods, services and information ...
The Journal of Economic Literature Classification of Fields breaks down Economics into several fields (above). They include the core areas of mathematical and statistical methods as well as the many arenas in which the core methods are applied. (Data Source: American Economic Association) The words...
Trough – definition and meaning A trough, in economics, is the point in the business cycle between the end of a recession and the transition to accelerating GDP (gross domestic product) growth. Economists say that the business cycle goes through four main stages: 1. Expansion. 2. Peak. 3...
Depicted graphically, the supply curve typically slopes upward, meaning producers are willing to supply more of a product as its price increases. Conversely, the demand curve slopes downward, showing that consumers usually purchase less of a product as its price rises. The point where these two ...
Definition:Market demand is the total amount of goods and services that all consumers are willing and able to purchase at a specific price in a marketplace. In other words, it represents how much consumers can and will buy from suppliers at a given price level in a market. ...
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Sismondi’s beliefs clashed with those of the classical economists. Classical economics is aneconomic school of thought started by Adam Smithwhich denied the occurrence of business cycles. However, Sismondi’s theories gained some traction when the first international peacetime economic crisis happened i...
Furthermore, accountants prepare tax returns with the objective of minimizing the tax of the corporation. Most small businesses companies are “flow-through entities”, meaning it is well understood by tax professionals and the tax collectors that the corporation will minimize its tax, and earnings ...
In a reduced form credit risk model, the liquidity is a latent factor with an ambiguous economic meaning. Duffie (1999) made the first attempt to use a reduced form credit risk model to study the liquidity effect on corporate bond prices by proposing a new concept of a default and ...