Tag: microeconomics
Scarcity Principle
The Scarcity Principle, like other principles of economics, comes from the principles of psychology and behavioral sciences. As per the simplest definition, it states...
Back Months
What is 'Back Months' The available futures contracts for a particular commodity that possess expirations or delivery dates furthest into the future....
Called Away
What is 'Called Away' A term used to describe the elimination of a contract due to the obligation of delivery. This occurs...
Imperfect Competition
What is imperfect competition and why does it exist
Imperfect competition is a type of market structure where there are not enough buyers or sellers...
Macroeconomics
DefinitionMacroeconomics is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole. This includes regional, national,...
Quantity Supplied
What is 'Quantity Supplied' In economics, quantity supplied describes the amount of goods or services that are supplied at a given market...
Qualifying Relative
What is 'Qualifying Relative'
A federal income tax designation that allows a taxpayer to claim as a dependent someone for whom he or she provided...
Falling Three Methods
What is 'Falling Three Methods' A bearish candlestick pattern that is used to predict the continuation of the current downtrend. This pattern...
Wal-Mart Effect
What is 'Wal-Mart Effect' The economic impact felt by local businesses when a large firm such as Wal-Mart opens a location in...