Google
Sunday 
January 21, 2018 

AmosWEB means Economics with a Touch of Whimsy!

AmosWEBWEB*pediaGLOSS*aramaECON*worldCLASS*portalQUIZ*tasticPED GuideXtra CrediteTutorA*PLS
ACCOUNTING PROFIT: The difference between a business's revenue and it's accounting expenses. This is the profit that's listed on a company's balance sheet, appears periodically in the financial sector of the newspaper, and is reported to the Internal Revenue Service for tax purposes. It frequently has little relationship to a company's economic profit because of the difference between accounting expense and the opportunity cost of production. Some accounting expense is not an opportunity cost and some opportunity cost is does not show up as an accounting expenses.

Visit the GLOSS*arama

Most Viewed (Number) Visit the WEB*pedia

Lesson 12: Business Cycles | Unit 1: Instability Page: 5 of 26

Topic: Summary <=PAGE BACK | PAGE NEXT=>

  • The natural tendency for the economy to expand and contract.
  • Business cycles, which are irregular, nonperiodic fluctuations in aggregate economic activity.
  • The Great Depression, the worst economic period in this century.
  • Expansionary good times that mean more production and rising living standards, but also inflation and inefficiency problems.
  • Contractionary bad times that mean unemployment, less production, lower profits, bankruptcies, and social problems, but also lower inflation and more efficiency resource allocation.

Course Home | Lesson Menu | Page Back | Page Next

LEADING ECONOMIC INDICATORS

Ten economic statistics that tend to move up or down a few months BEFORE business-cycle expansions and contractions. Most importantly, these measures indicate peak and trough turning points about three to twelve months before they occur. Leading economic indicators are one of three groups of economic measures used to track business-cycle activity. The other two are coincident economic indicators and lagging economic indicators.

Complete Entry | Visit the WEB*pedia


APLS

PURPLE SMARPHIN
[What's This?]

Today, you are likely to spend a great deal of time browsing about a thrift store trying to buy either a microwave over that won't burn your popcorn or a T-shirt commemorating the first day of winter. Be on the lookout for pencil sharpeners with an attitude.
Your Complete Scope

This isn't me! What am I?

Before 1933, the U.S. dime was legal as payment only in transactions of $10 or less.
"The more you praise and celebrate your life, the more there is in life to celebrate."

-- Oprah Winfrey

DCF
Discounted Cash Flow
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 ©2000-2018 AmosWEB*LLC
Send comments or questions to: WebMaster