Tag: curve

What is 'Waiver Of Demand' An agreement by the party that has endorsed a check or draft to accept legal responsibility, without...

What is 'Wage-Price Spiral' The wage-price spiral is a macroeconomic theory used to explain the cause-and-effect relationship between rising wages and rising...

Supply is an important economic term that denotes the amount of available goods and services in a country. The term is closely related to...

DefinitionThe pairs trade or pair trading is a market neutral trading strategy enabling traders to profit from virtually any market conditions: uptrend, downtrend, or...

What is 'Above Full-Employment Equilibrium' A macroeconomic term used to describe the real gross domestic product (GDP) is currently in excess of...

What is 'Japanese Government Bond - JGB' A bond issued by the government of Japan. The government pays interest on the bond...

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...

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