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

A legally established maximum price that is imposed on a market BELOW the price that otherwise would be achieved in equilibrium. A price ceiling is placed on a market with the goal of keeping the price low, presumably based on the notion that the equilibrium price is too high. If imposed on a competitive market free of market failures, a price ceiling creates a shortage, or excess demand.

Complete Entry | Visit the WEB*pedia

Our pedestrian excursion through the economy has helped me work up a ferocious appetite. I vote for a quick stop at the Mr. Market Super Food Discount Store where we can purchase a loaf of bread, assorted meats, and some cheese -- all for a luncheon tribute to the Earl of Sandwich. While a self-made tribute to the Earl is less expensive than any purchased from Manny Mustard's House of Sandwich, the ingredients from Mr. Market Super Food Discount Store still carry a hefty price tag. If you're hungry and have limited cash on hand, you might wonder whether food prices are higher than they need to be.
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Today, you are likely to spend a great deal of time watching the shopping channel looking to buy either a genuine down-filled comforter or a 200-foot blue garden hose. Be on the lookout for mail order catalogs with hidden messages.
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This isn't me! What am I?

-- Peter Drucker, educator

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