AmosWEB is Economics: GLOSS*arama

Saturday
January 18, 2025

AmosWEB means Economics with a Touch of Whimsy!

HETEROGENEOUS: A market characterized by buyers with different needs and wants. A company utilizes a concentrated targeting strategy for this group. This market requires the company to divided the market into groups by a process called market segmentation. The company then develops a different marketing mix to satisfy each of these groups or segments.

Visit the GLOSS*arama

Most Viewed (Number)

Visit the WEB*pedia

FREE MARKET: A competitive market that is unrestrained by government control or regulations, especially price floors, price ceilings, or taxes. In such a market the forces of demand and supply eliminate any shortages and surpluses move the market to the equilibrium price and quantity. If the free market is competitive (with large numbers of buyers and sellers) and is not infected with other market failures, such as externalities, then equilibrium price results with equality between the demand price and the supply price. This means that equilibrium is also efficient.

Recommended Citation:

FREE MARKET, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2025. [Accessed: January 18, 2025].

Search Again?

Back to the GLOSS*arama

ELASTICITY AND SUPPLY INTERCEPT

The intersection of a straight-line supply curve with vertical price axis and/or horizontal quantity axis reveals the relative price elasticity of supply. Intersection with the horizontal quantity axis means inelastic and intersection with the vertical price axis means elastic. Intersection with the origin means unit elastic supply.

Complete Entry | Visit the WEB*pedia

BROWN PRAGMATOX
[What's This?]

Today, you are likely to spend a great deal of time waiting for visits from door-to-door solicitors wanting to buy either clothing for your kitty cats or a set of luggage without wheels. Be on the lookout for slow moving vehicles with darkened windows.
Your Complete Scope

This isn't me! What am I?

One of the largest markets for gold in the United States is the manufacturing of class rings.

"Twenty years from now you will be more disappointed by the things that you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover."

-- Mark Twain

NTB
Non-Tariff Barrier

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

| | | | | | | | | | |
| | | |