This is the simplest yardstick of economic performance if one person, firm or country can produce more of something with the same amount of effort and resources, they have an absolute advantage over other producers being the best at something does not mean that doing that thing is the best way to use your scarce. Abstract the dictionary of sociology essays authoritative definition of some hundreds of sociological terms a small number of economic terms the definitions of most economic terms are adversely criticized: first, th were framed by sociologists who apparently are unfamiliar with current economic usage second, the d. This year's question was “what scientific term or concept ought to be more widely known” the hundreds of answers are varied and fascinating, but i found myself wishing that a similar survey existed for economics there are plenty of econ terms regular people would find not only very interesting, but useful. The conference board of canada's dictionary of financial, economic, and business terms. This is the online edition of a glossary of political economy terms by dr paul m johnson of auburn university use the index at the margin to select an entry to view all the content has been written by dr johnson and is updated periodically please e-mail any comments or suggestions to dr johnson at. Contributors are needed to write definitions for terms in this glossary please keep the definitions brief and in accordance with wikipedia's policies and guidelines this glossary of economics is list of definitions about economics, its sub-disciplines, and related fields contents: a b c d e f g h i j k l m n o p q r s.
This glossary contains non-technical descriptions of all the terms in economics for everyone highlighted in small capitals italicized terms within the definitions are themselves defined elsewhere in the glossary, for cross-reference absolute poverty: poverty defined with respect to an absolute material standard of living. A glossary of health economics terms taken from glossaries provided online by the all wales medicines strategy group and the us national library of medicine health technology assessments (htas), where new drugs and devices are evaluated in relation to cost, efficacy, utilisation, etc, and their future. Glossary of economic terms assets things that have earning power or some other value to their owner fixed assets (also known as long-term assets) are things that have a useful life of more than one year, for example buildings and machinery there are also intangible fixed assets, like the good reputation of a company. When the gains made by winners in an economic transaction equal the losses suffered by the losers it is identified as a special case in game theory most economic transactions are in some sense positive-sum games but in popular discussion of economic issues, there are often examples of a mistaken zero-sum.
A additionality the proportion of the impact or change associated with policy or programme which would not have happened without the intervention for example, if 100,000 visitors to a promotional website booked a holiday to the destination promoted but subsequent research found that 50,000 of them would have made. The internet is delivered by broadband providers who can use their infrastructure to set particular terms for access of internet applications and content (websites, services, protocols) these access terms are discussed under the heading of net neutrality (nn), generating a debate that has received a great deal of attention.
The term marginal in economics is used extremely often what it means, is essentially the next additional unit, product, person, or whatever else you're associating the term with for example, say you're reading an economics textbook and you come across the term marginal profit what this means, is the profit you will. Glossary of economic terms administrative regulations: regulations imposed by the government of a country to regulate trade, usually applied to imports, eg insisting upon imports meeting minimum standards age distribution: the number of people in each age group of the population this can be shown on a population.