Tag: concepts

What is a 'Range' The difference between the low and high prices for a security or index over a specific time period....

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

DefinitionIn accounting and in most Schools of economic thought, fair value is a rational and unbiased estimate of the potential market price of a...

DefinitionKey money is one of several forms of payment made to a landlord. The term has various meanings in different parts of the world....

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 'Lady Godiva Accounting Principles - LGAP' A theoretical set of accounting principles under which corporations would have to fully disclose...

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

DefinitionThe law of supply is a fundamental principle of economic theory which states that, keeping other factors constant, an increase in price results in...

DefinitionIn microeconomics, supply and demand is an economic model of price determination in a market. It postulates that, holding all else equal, in 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...