There are 68 entries in the GLOSS*arama starting with the letter R.

Entries 1 through 35:

• rate of return
• rational abstention
• rational behavior
• rational ignorance
• rationing
• raw materials
• real
• real economy
• real GDP
• real gross domestic product
• real interest rate
• real production
• real purchasing power
• real wage
• real-balance effect
• realism of monopoly
• realism of perfect competition
• recession
• recessionary gap
• recessionary gap, Keynesian model
• recognition lag
• recovery
• recycling
• reference week
• regional economics
• regressive tax
• regulation
• regulation, capture theory
• regulatory forces
• regulatory policy
• regulatory pricing
• relative poverty level
• relatively elastic
• relatively inelastic
• renewable resource

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Total factor cost per unit of factor input employed by a perfectly competitive firm in the production of output, found by dividing total factor cost by the quantity of factor input. Average factor cost, abbreviated AFC, is generally equal to the factor price. However, using the longer term average factor cost makes it easier to see the connection to related terms, including total factor cost and marginal factor cost.

Complete Entry | Visit the WEB*pedia

Good news! Manny Mustard, my long-time friend and proprietor of Manny Mustard's House of Sandwiches is having a special on his Deluxe Club Sandwich. Let's drop in for a brief respite -- and lunch. More good news! Manny is bubbling profusely about the vitality of his business. Last month he turned a profit. Yes, that much cherished profit, the goal of business firms, be they large or small. Upon closer inspection Manny's profit calculation might be suffering from an oversight or two. It seems as though Manny neglected to pay himself a wage. Nor did he bother to include any interest expense on the savings he invested in his House of Sandwiches venture. But what the heck, he earned a profit -- didn't he?
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Today, you are likely to spend a great deal of time wandering around the shopping mall seeking to buy either storage boxes for your computer software CDs or a set of tires. Be on the lookout for small children selling products door-to-door.
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