Google
Wednesday 
December 13, 2017 

AmosWEB means Economics with a Touch of Whimsy!

AmosWEBWEB*pediaGLOSS*aramaECON*worldCLASS*portalQUIZ*tasticPED GuideXtra CrediteTutorA*PLS
INCOME: Revenue earned or received by households that can be used for consumption or saving. For the aggregate economy, earned income is termed national income, while received income is termed personal income. The key is that income for the aggregate economy is generated in the production of goods and services.

Visit the GLOSS*arama

Most Viewed (Number) Visit the WEB*pedia

The AmosWEB Free Lunch Index is designed to track the state of the economy based on the neverending pursuit of a "free lunch." While there is, of course, no such thing as a "free lunch," what with limited resources and unlimited wants and needs, that doesn't keep us from trying. A higher Free Lunch Index means a better economy. The Free Lunch Index can range from 0 to 800.

Help us compile the Free Lunch Index by providing your lunching activities each day. You have a choice from among nine alternatives:

  • Skipped lunch altogether.
  • Bought by another.
  • Ate lunch at home.
  • Brought lunch from home.
  • Fast food drive through.
  • Fast food dine in.
  • All-you-can eat buffet.
  • Casual dining with tip.
  • Fancy upscale with tip.
Your choice will be combined with other AmosWEB patrons to compile the index. Submit your choice daily. Check back often.
AVERAGE REVENUE CURVE, MONOPOLY

A curve that graphically represents the relation between average revenue received by a monopoly for selling its output and the quantity of output sold. Because average revenue is essentially the price of a good, the average revenue curve is also the demand curve for a monopoly's output.

Complete Entry | Visit the WEB*pedia

Shopping Around For RETAIL PRICES

It's time for another one of our frequent stops at Mr. Market Super Food Discount Store, this time to check out the story behind retail prices. As consumers, we spend a large fraction of our nonworking, nonsleeping lives wandering grocery stores aisles, searching clothing store racks, and surveying department store displays for the right product at the right price. How do we know, like the name of the long-running game show, if "The Price is Right?" How are retail prices set and do they really tell us the value of a product?
Tell me more...

Visit the PEDestrian's Guide


APLS

PURPLE SMARPHIN
[What's This?]

Today, you are likely to spend a great deal of time looking for the new strip mall out on the highway looking to buy either decorative picture frames or storage boxes for your income tax returns. Be on the lookout for celebrities who speak directly to you through your television.
Your Complete Scope

This isn't me! What am I?

The first paper currency used in North America was pasteboard playing cards "temporarily" authorized as money by the colonial governor of French Canada, awaiting "real money" from France.
"Follow effective action with quiet reflection. From the quiet reflection will come even more effective action. "

-- Peter F. Drucker, author

NSE
Nagoya Stock Exchange (Japan)
A PEDestrian's Guide
Xtra Credit
Tell us what you think about AmosWEB. Like what you see? Have suggestions for improvements? Let us know. Click the User Feedback link.

User Feedback



| AmosWEB | WEB*pedia | GLOSS*arama | ECON*world | CLASS*portal | QUIZ*tastic | PED Guide | Xtra Credit | eTutor | A*PLS |
| About Us | Terms of Use | Privacy Statement |

Thanks for visiting AmosWEB
Copyright ©2000-2017 AmosWEB*LLC
Send comments or questions to: WebMaster