економија

економија

The “dismal science”, according to Thomas Carlyle, a 19th-century Scottish writer. It has been described in many ways, few of them flattering. The most concise, non-abusive, definition is the study of how society uses its scarce resources.

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A country in which most major economic decisions are imposed by government and by central planning rather than by free use of markets. Contrasts with a market economy.

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Production costs that do not change when the quantity of output produced changes, for instance, the cost of renting an office or factory space. Contrast with variable costs.

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Ekonomi; Ekonomi

A middleman. An individual or institution that brings together investors (the source of funds) and users of funds (such as borrowers). May be increasingly at risk of ...

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Sales abroad. Exports grew steadily as a share of world output during the second half of the 20th century. Yet by some measures this share was no higher than at the end of the ...

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The capital gain plus income that investors think they will earn by making an investment, at the time they invest.

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Ekonomi; Ekonomi

What people assume about the future, especially when they make decisions. Economists debate whether people have irrational or rational expectations, or adaptive expectations that ...

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