Tag: theory

What is 'Eco-Communalism' An economic/environmental philosophy focused upon local economies, sustainability and self-sufficiency. Eco-communalism is centered upon the belief that many self-sufficient...

What is 'Reaction' A reversal in the movement of a security's price. Reaction is most often associated with a downward movement in...

Quick Facts The PPP is Purchasing Power Parity Purchasing power parity is used by macro-economic analysts to compare different countries' currencies through a...

What is 'X-Efficiency' X-efficiency is the degree of efficiency maintained by individuals and firms under conditions of imperfect competition. According to the...

What is 'Objective Probability' The probability that an event will occur based an analysis in which each measure is based on a...

What is 'Quadrix' A stock valuation system that uses over 100 variables in seven major categories to determine the value of a stock. The overall...

What is 'Radner Equilibrium' A theory suggesting that if economic decision makers have unlimited computational capacity for choice among strategies, then even...

What is 'A-B Split' A method of testing the effectiveness of marketing methods or media. Using A-B split marketing, a list of...

Creative destruction, sometimes called Schumpeter's gale, is an idea people studying economics theory say may lead to innovation in the business cycle. Karl Marx...

Baby Boomer Age Wave Theory What is 'Baby Boomer Age Wave Theory ' An economic theory popularized by economist and writer...