Tag: economics

law of diminishing marginal utility

Law Of Diminishing Marginal Utility

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...
lead time

Lead Time

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...

Lapping Scheme

What is a 'Lapping Scheme' A lapping scheme is an accounting method that involves altering the accounts receivable section of the balance...

Landlocked

DefinitionA landlocked state or landlocked country is a sovereign state entirely enclosed by land, or whose only coastlines lie on closed seas. There are...
lame duck

Lame Duck

What is a lame duck A lame duck, in finance, is a firm or individual that is no longer able to make sound financial decisions....
Landlord

Landlord

Being a landlord can be a very profitable business venture, but it also comes with a lot of responsibility. In this blog post, we...
Lancaster University Management School (LUMS)

Lancaster University Management School (LUMS)

What is Lancaster University Management School (LUMS)? Established in 1965, Lancaster University Management School (LUMS) is a leading business school located in the North West...

Land Flip

What is 'Land Flip' A fraudulent practice in the real estate business of selling undeveloped land at highly inflated prices. A land...

Law Of One Price

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

Lambda

What is 'Lambda' The ratio of the percentage change in an option contract's price to the percentage change in the option's underlying price. Lambda is...