economics

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Definition/MeaningWord/Phrase
advisor employed by the government to assist people in rural areas with methods of farming and home economics agricultural agent , county agent , extension agent
(economics) that part of the balance of payments recording a nation's outflow and inflow of financial securities capital account
(economics) the utilization of economic goods to satisfy needs or in manufacturing consumption , economic consumption , usance , use , use of goods and services
academic department responsible for teaching and research in economics department of economics , economics department
expert in the science of economics economic expert , economist
(economics) a theory of commercial activities (such as the production and consumption of goods) economic theory
branch of economics that studies the management of money and other assets finance
(economics) a theory of competition stated in terms of gains and losses among opposing players game theory , theory of games
(economics) the principle that when two kinds of money having the same denominational value are in circulation the intrinsically more valuable money will be hoarded and the money of lower intrinsic value will circulate more freely until the intrinsically Gresham's Law
mathematical technique used in economics; finds the maximum or minimum of linear functions in many variables subject to constraints linear programming
branch of economics that studies the overall working of a national economy macroeconomics
(economics) the amount that utility increases with an increase of one unit of an economic good or service marginal utility
branch of economics that studies the economy of consumers or households or individual firms microeconomics
(economics) a market in which there are many buyers but only one seller monopoly
(economics) a market in which goods or services are offered by several sellers but there is only one buyer monopsony
(economics) the lack of any incentive to guard against a risk when you are protected against it (as by insurance) moral hazard
annual award for outstanding contributions to chemistry or physics or physiology and medicine or literature or economics or peace Nobel prize
(economics) a market in which control over the supply of a commodity is in the hands of a small number of producers and each one can influence prices and affect competitors oligopoly
(economics) manufacturing or mining or growing something (usually in large quantities) for sale production
(economics) the ratio of the quantity and quality of units produced to the labor per unit of time productivity
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