|
|
GOVERNMENT PURCHASES OF GOODS AND SERVICES: Expenditures on final goods and services (that is, gross domestic product) undertaken by the government sector. The official entry for government purchases in the National Income and Product Accounts maintained by the Bureau of Economic Analysis is termed government consumption expenditures and gross investment. Government purchases are used to operate the government (administrative salaries, etc.) and to provide public goods (national defense, highways, etc.). Government purchases do not include other government spending for transfer payments. These are expenditures on final goods by all three levels of government: federal, state, and local governments.
Visit the GLOSS*arama
|
|
|
|
|
Lesson 20: Oligopoly | Unit 3: Behavior
|
Page: 11 of 24
|
- The decisions by one firm in the market depends on the actions and reactions of the other firms.
- Such interdependence surfaces in two types of activities:
- Competition
- Competition among firms in an oligopoly market can become quite intense.
Competition among the few takes place in a market with a small number of sellers (or buyers), such that each seller (or buyer) has some degree of market control. - With this form of competition, each firm keeps a very close watch on what other firms in market do or plan to do.
- Cooperation
- Cooperation generally takes the form of operating the oligopoly market as a monopoly.
- Oligopoly firms monopolize their market through various types of cooperation, some are explicit others are implicit and difficult to detect.
- Four types worth listing are:
- Price leadership
- Collusion
- A cartel
- A merger
|
|
|
|
|
|
|
NET EXPORTS DETERMINANTS Ceteris paribus factors, other than aggregate income or production, that are held constant when the net exports line is constructed and which cause the net exports line to shift when they change. Some of the more important net exports determinants are global economic conditions, exchange rates, and trade barriers.
Complete Entry | Visit the WEB*pedia |
|
|
BEIGE MUNDORTLE
[What's This?]
Today, you are likely to spend a great deal of time flipping through the yellow pages seeking to buy either a how-to book on surfing the Internet or a computer that can play music and burn CDs. Be on the lookout for florescent light bulbs that hum folk songs from the sixties.
Your Complete Scope
This isn't me! What am I?
|
|
|
Okun's Law posits that the unemployment rate increases by 1% for every 2% gap between real GDP and full-employment real GDP.
|
|
|
"Intense concentration hour after hour can bring out resources in people they didn't know they had. " -- Edwin Land, inventor, entrepreneur
|
|
CIFCI
Cost, Insurance, Freight, Commission and Interest
|
|
|
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
|
|
