There are 178 entries in the GLOSS*arama starting with the letter P.

Entries 1 through 35:

• p-e ratio
• packaging
• paper currency
• paper economy
• par value
• paradox of thrift
• Pareto efficiency
• Pareto improvement
• part-time workers
• partnership
• patent
• paternalism
• payment flow
• payroll tax
• peak
• per unit tax
• perception
• perfect competition
• perfect competition and demand
• perfect competition and efficiency
• perfect competition and short-run supply curve
• perfect competition characteristics
• perfect competition, factor market analysis
• perfect competition, long-run adjustment
• perfect competition, long-run equilibrium conditions
• perfect competition, long-run production analysis
• perfect competition, loss minimization
• perfect competition, marginal analysis
• perfect competition, profit analysis
• perfect competition, profit maximization
• perfect competition, realism
• perfect competition, revenue division
• perfect competition, short-run production analysis
• perfect competition, shutdown
• perfect competition, total analysis

Back to the GLOSS*arama

The generation of revenue used to finance government operations that results from placing taxes on economic activity. The revenue effect is the primary reason that governments impose taxes on members of society. Without the revenue generated from taxes, governments could not provided valuable and essential public goods nor undertake other government operations. This is one of two effects of taxation. The other is the allocation effect, which is the change in resource allocation that results because taxes create disincentives to produce, consume, and exchange.

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Our pedestrian's jaunt through the economy is not, unfortunately, an unrestrained shopping spree for confectioneries, spark plug tools, and Houston, Texas. We have other important errands to run. At the moment we need to hike over to Shady Valley's exclusive provider of cable television services, the Merciless Monolithic Media Masters Cable Television Company, Inc., to inquire about a mysterious fee that appeared last month's bill.

The good news is that the Merciless Monolithic Media Masters (the 4M people) Cable office is a mere 2 miles (3 kilometers for the metrically inclined) from the Shady Valley Central Town Sprawling Hills Shopping Mall. A hop, skip, and a moderately long jump later, our excursion through the economy takes us to the front door of the 4M Cable Television Company where I hope to discover why last month's cable bill included a $3,569 charge for something called "The Vacation Channel." I didn't even know I had a vacation channel. (But, I'm sure it's a great channel, and if I don't have it, then I will certainly subscribe. Please don't disconnect me.)

Of course, because this an afternoon workday, the doors of the 4M office are locked. I can almost make out, through the expensive stained glass windows, what appears to be several Merciless Monolithic Media Masters Cable Television employees, with champaign bottles in hand, dancing on expensive mahogany desks. Let's not disturb them. As they say in the cable business, an upset worker is a disconnected customer.
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Visit the PEDestrian's Guide

Today, you are likely to spend a great deal of time going from convenience store to convenience store wanting to buy either an AC adapter for your CD player or storage boxes for your family photos. Be on the lookout for crowded shopping malls.
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