Tag: equilibrium
Deadweight Loss Of Taxation
DefinitionIn economics, the excess burden of taxation, also known as the deadweight cost or deadweight loss of taxation, is one of the economic losses...
De-Merger
DefinitionA demerger is a form of corporate restructuring in which the entity's business operations are segregated into one or more components. It is the...
Deadweight Loss
DefinitionA deadweight loss, also known as excess burden or allocative inefficiency, is a loss of economic efficiency that can occur when equilibrium for a...
Unchanged
What is 'Unchanged' A situation in which the price or rate of a security does not change between two periods. This can...
Kenneth Arrow
DefinitionKenneth Joseph "Ken" Arrow was an American economist, mathematician, writer, and political theorist. He was the joint winner of the Nobel Memorial Prize in...
Sale
What is a 'Sale' A sale is a transaction between two parties where the buyer receives goods (tangible or intangible), services and/or...
Above Full-Employment Equilibrium
What is 'Above Full-Employment Equilibrium' A macroeconomic term used to describe the real gross domestic product (GDP) is currently in excess of...
John R. Hicks
Who was John Hicks?
John Hicks was a British economist who was awarded the Nobel Prize in Economics in 1972. He is best known for...
John F. Nash Jr.
DefinitionJohn Forbes Nash Jr. was an American mathematician who made fundamental contributions to game theory, differential geometry, and the study of partial differential equations....
Law Of Demand
DefinitionIn microeconomics, the law of demand states that, "conditional on all else being equal, as the price of a good increases, quantity demanded decreases...