|
|
INFRASTRUCTURE: Capital used for transportation, communication, and energy delivery. This is often termed social overhead capital because it provides the basic capital foundation needed by an economy before business capital can adequately do its job.
Visit the GLOSS*arama
|
|
|
|
|
Lesson 12: Elasticity and Demand | Unit 1: An Overview
|
Page: 1 of 25
|
|
Topic:
Elasticity And Demand
|
|
|
- A review:
- Demand is the willingness and ability to buy a range of quantities of a good at a range of prices, during a given time period.
- The key demand principle is, of course, the law of demand:
- The law of demand states that an inverse relation exists between demand price and the quantity demanded, ceteris paribus.
- The answer to these related questions rests with the notion of elasticity. Let's review elasticity.
- Elasticity is the relative response of one variable, such as quantity, to changes in another variable, such as price.
|
|
|
|
|
|
|
FISCAL POLICY Control over government spending and taxes by a central government which is used to stabilize business cycles, reduce unemployment and inflation, and promote economic growth. In the United States fiscal policy is primarily undertaken at the federal level through acts of Congress and actions by the President. However, state and local governments also undertake fiscal policy to stabilize their local macroeconomies. The government sector has three alternative tools in the use of fiscal policy--government purchases, taxes, and transfer payments. An alternative to fiscal policy is monetary policy.
Complete Entry | Visit the WEB*pedia |
|
|
BLACK DISMALAPOD
[What's This?]
Today, you are likely to spend a great deal of time watching infomercials seeking to buy either an electric coffee pot with automatic shutoff or a brown leather attache case. Be on the lookout for crowded shopping malls.
Your Complete Scope
This isn't me! What am I?
|
|
|
The first U.S. fire insurance company was established by Benjamin Franklin in 1752 in Philadelphia.
|
|
|
"The time to repair the roof is when the sun is shining." -- John F. Kennedy, 35th U. S. president
|
|
VSE
Vancouver Stock Exchange (Canada)
|
|
|
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
|
|
