Tag: quantity

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...

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

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 an 'Economic Derivative' An economic derivative is a relatively new form of derivative contract (the first ones were traded in...