Tag: people

What is Pareto Improvement Pareto Improvement is defined as a change to a situation which results in one person becoming better off without anyone else...

DefinitionThe paradox of thrift is a paradox of economics. The paradox states that an increase in autonomous saving leads to a decrease in aggregate...

DefinitionPanic selling is a wide-scale selling of an investment which causes a sharp decline in prices. Specifically, an investor wants to get out of...

What is 'Quality Of Life' Quality of life is a highly subjective measure of happiness that is an important component of many...

DefinitionQueueing theory is the mathematical study of waiting lines, or. A queueing model is constructed so that queue lengths and waiting time can be...

What is 'Vandalism Endorsement' An optional type of coverage that can be added to a basic hazard or property and casualty insurance...

What is Variable Survivorship Life Insurance Variable survivorship life insurance is a type of permanent life insurance that pays a death benefit to the surviving...

What is 'Value-Added Network (VAN)' A private network provider hired by a company to facilitate electronic data interchange (EDI) and/or provide other...

What is 'Value Change' An adjustment made to a stock's price to reflect the number of outstanding stock shares, or shares of...

What is a Veblen Good A Veblen good is a type of consumer good for which demand increases as the price increases. This occurs because...