March 18, 2018 

AmosWEB means Economics with a Touch of Whimsy!

AmosWEBWEB*pediaGLOSS*aramaECON*worldCLASS*portalQUIZ*tasticPED GuideXtra CrediteTutorA*PLS
LONG-RUN EQUILIBRIUM: The condition that exists for the aggregate market when the product, financial, and resource markets are in equilibrium simultaneously. This condition is made possible by flexible wages and prices and is represented by the intersection of the AD (aggregate demand) curve and the LRAS (long-run aggregate supply) curve.

Visit the GLOSS*arama

Most Viewed (Number) Visit the WEB*pedia

CONSUMPTION GOOD: A that provides more or less immediate satisfaction of wants and needs. Consumption goods should be contrasted with capital goods. Investment is the fundamental process of producing fewer consumption goods and more capital goods.

     See also | consumption | satisfaction | household sector | resources | goods | services | wants | needs | personal consumption expenditures | investment | capital good |

Recommended Citation:

CONSUMPTION GOOD, AmosWEB GLOSS*arama,, AmosWEB LLC, 2000-2018. [Accessed: March 18, 2018].

Search Again?

Back to the GLOSS*arama


A curve that graphically represents the relation between the marginal revenue received by a monopolistically competitive firm for selling its output and the quantity of output sold. Because a monopolistically competitive firm is a price maker and faces a negatively-sloped demand curve, its marginal revenue curve is also negatively sloped and lies below its average revenue (and demand) curve. A monopolistically competitive firm maximizes profit by producing the quantity of output found at the intersection of the marginal revenue curve and marginal cost curve.

Complete Entry | Visit the WEB*pedia


[What's This?]

Today, you are likely to spend a great deal of time browsing through a long list of dot com websites seeking to buy either a how-to book on fixing your computer, with illustrations or several magazines on computer software. Be on the lookout for crowded shopping malls.
Your Complete Scope

This isn't me! What am I?

There were no banks in colonial America before the U.S. Revolutionary War. Anyone seeking a loan did so from another individual.
"Good plans shape good decisions. That's why good planning helps to make elusive dreams come true."

-- Lester Bittle, Author

Unfair Trade Practice
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