Tag: concept

DefinitionIn economics, diminishing returns is the decrease in the marginal output of a production process as the amount of a single factor of production...

DefinitionSavings.com is a website that offers coupons and promotional savings, known as "deals," redeemable at nationally recognized merchant web sites and stores. Savings.com sources...

Joint and Several Liability in Business In most common law legal systems, two or more people can be jointly liable for a single liability. Joint...

DefinitionThe time value of money is the greater benefit of receiving money now rather than later. It is founded on time preference. Time Value...

What is the 'Uncovered Interest Rate Parity - UIP' The uncovered interest rate parity (UIP) is a parity condition stating that the...

DefinitionIn microeconomics, the law of demand states that, "conditional on all else being equal, as the price of a good increases, quantity demanded decreases...

What is the law of diminishing marginal utility The law of diminishing marginal utility is the principle that as a person consumes more of a...

What is the 'Learning Curve' A learning curve is a concept that graphically depicts the relationship between cost and output over a...

DefinitionIn economics, economic equilibrium is a state where economic forces such as supply and demand are balanced and in the absence of external influences...

What is the 'Earnings Multiplier' The earnings multiplier is an adjustment made to a company's P/E ratio that takes into account current...