|
|
EMPLOYMENT RATE: The ratio of employed persons to the total civilian noninstitutionalized population 16 years old or older. Also termed the employment-population ratio, the employment rate is used as an alternative indicator of the utilization of labor resources.
Visit the GLOSS*arama
|
|
|
|
|
Lesson 4: Production Possibilities | Unit 3: The Curve
|
Page: 10 of 24
|
|
Topic:
Connecting Points
|
|
|
Like a constellation in the sky, we will find it convenient to outline an 'image' by connecting the individual points.- Connecting our 11 points lets us include other options. These are only 11 of many possibilities.
- The curve we get is the production possibilities curve. It's also termed the production possibilities frontier for reasons that will become clear as we continue this lesson.
- Note that the curve is flat at the top and steep at the bottom.
|
|
|
|
|
|
|
OLIGOPOLY AND MONOPOLY Oligopoly and monopoly have some similarities, both tend to be relatively large and possess significant market control, but also have a few important differences, oligopoly market has more than one firm. The dividing line between oligopoly and monopoly, however, can be blurred due to the closeness of substitutes and the inclination of oligopoly firms to collude.
Complete Entry | Visit the WEB*pedia |
|
|
|
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.
|
|
|
"Being defeated is only a temporary condition; giving up is what makes it permanent." -- Marilyn vos Savant, Author
|
|
LIBOR
london Inter-Bank Offered Rate
|
|
|
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
|
|
