Tag: demand

What is 'Law Of 29' A belief held by some marketers that on average a prospective customer will not purchase a good...

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

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 lead time and why is it important In the business world, lead time is the amount of time that elapses between the start...

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 one price constitutes the basis of the theory of purchasing power parity, an assumption that in some circumstances it would cost...

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...

What is 'Earning Assets' Earning assets are income-producing investments that are owned, or held, by a business, institution or individual. These assets...

What is 'Economic Depreciation' Economic depreciation is a measure of the decrease in value of an asset over time. This form of...