AmosWEB is Economics: Encyclonomic WEB*pedia

Friday
May 16, 2025

AmosWEB means Economics with a Touch of Whimsy!

FACTOR DEMAND ELASTICITY: The elasticity of a factor demand curve is affected by four things: (1) the price elasticity of demand for the good produced, (2) the production function technology and elasticity of marginal physical product, (3) the ease of factor substitutability, and (4) the share of the factor's cost relative to total cost. Changes in any of these four items can cause the price elasticity of factor demand to change. In other words, the quantity of factor services demanded will become more or less sensitive to changes in the factor price.

Visit the GLOSS*arama

The AmosWEB WEB*pedia is a searchable database of 1000 economic terms and concepts.

Using the WEB*pedia

Browsing Alphabetically: Use the letters at the top of this page to retrieve a listing of every term in the WEB*pedia beginning with the selected letter. Clicking the pound sign "#" will generate a list of every term beginning with a number.

QUICK Search: The QUICK Search will return the entry (if available) of your search term, plus lists of related terms.

Search Term:

What to Match:

Where to Search:

What to Display:

Matches to Display:

Submit:

We think the AmosWEB WEB*pedia is without question the best economics encyclopedia available on the web. If you find a better one, let us know. We won't stay second best for long.

A Somewhat Defective Look At PRODUCT SAFETY

WAIT! STOP! My shoe's untied! And my blasted shoestring is tangled! Fortunately I have my handy OmniStraight shoestring straightener, a product developed by a team of former NASA scientists that's designed to straighten and untangle even the most convoluted shoestrings. OOPS! You might want to continue your pedestrian journey without me. It seems as though my handy OmniStraight shoestring straightener has inadvertently dissected my shoestring, mangled the upper half of my jogging shoe, and introduced several gashes to the top of my foot. As I faint face-first onto the sidewalk from the loss of blood, you can consider some of the ins and outs of my predicament.
Tell me more...

Visit the PEDestrian's Guide

GREEN LOGIGUIN
[What's This?]

Today, you are likely to spend a great deal of time waiting for visits from door-to-door solicitors trying to buy either a pair of gray heavy duty boot socks or a 50-foot blue garden hose. Be on the lookout for defective microphones.
Your Complete Scope

This isn't me! What am I?

During the American Revolution, the price of corn rose 10,000 percent, the price of wheat 14,000 percent, the price of flour 15,000 percent, and the price of beef 33,000 percent.

"We succeed only as we identify in life, or in war, or in anything else, a single overriding objective, and make all other considerations bend to that one objective. "

-- President Dwight D. Eisenhower

AID
Agency for International Development

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

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