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

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A perfectly competitive firm is presumed to shutdown production and produce no output in the short run, if price is less than average variable cost. This is one of three short-run production alternatives facing a firm. The other two are profit maximization (if price exceeds average total cost) and loss minimization (if price is greater than average variable cost but less than average total cost).

Complete Entry | Visit the WEB*pedia

Our little excursion through the economy has had, thus far, its ups and downs. My cable bill remains permanently confused and my checking account has a large property-tax created imbalance, but at least the pain in my tooth stops before hitting my toes. I think we deserve a little rest and relaxation at the Shady Valley's own tourist mecca, Happy-Time Gala-World Fun-Land Extravaganza Amusement Park. Let's take a brief respite from our pedestrian trek and give the soles of our jogging shoes a well-deserved rest.

The Happy-Time Gala-World Fun-Land Extravaganza Amusement Park has the world famous Monster Loop Death Plunge roller coaster, guaranteed to make riders yearn for the pleasures of a Siberian forced labor camp. There's also the Enchanted Haunted Horror House filled with serial killers, chainsaw murders, and IRS auditors. For the more timid, and fortunately, for those more interested in the workings of our economy, the merry-go-round is the ride of choice.

Two familiar faces are enjoying the circular trip on their fiberglass ponies. The slender guy with the bushy mustache is Dan Dreiling, the drywall man. I had him repair a hole in my living room wall caused by an over-excited vacuum cleaner a few months back. The disgusted look on his dusty face tells me that I must have overlooked his $100 bill. The other recognizable rider is Pollyanna Pumpernickel a precocious pet store owner who has somehow neglected to pay me the $100 due for hamster-sitting services which I rendered a few weeks ago. Her furtive glances suggest that she is well aware of her liability.
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Today, you are likely to spend a great deal of time watching infomercials hoping to buy either a set of tires or a birthday gift for your grandfather. Be on the lookout for malfunctioning pocket calculators.
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-- Auguste Rodin, Sculptor

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