Money is defined as a valuable commodity that has general acceptance as a means of exchange and is accepted by the majority of people. Money…
Digital Economy – Definition, Importance, Examples
The digital economy is a new economy that is based on digital technologies and platforms, and it has transformed how we live, work, and communicate….
Deadweight Loss – Definition, Calculation and Types
Deadweight loss is a measure of inefficiency in the economy that occurs when resources are not used efficiently or when there is a misallocation of…
Disequilibrium – Definition, Meaning, Causes and Examples
What is Disequilibrium? Disequilibrium is a market condition that occurs when internal and/or external disturbances prevent market equilibrium from being achieved or cause the market…
Disintermediation – Definition, Benefits and Examples
Disintermediation is the process of removing intermediaries from a transaction. This can happen in any industry, but it’s particularly common in the financial industry. For…
Demand for Money – Definition, Meaning, Types and Examples
What is the Demand for Money? Demand for money is defined as the total value of cash and demand deposits that people want to hold…
Demographics – Definition, Types and Advantages
What Are Demographics? Demographics is the study of human populations in terms of size, density, location, age, gender, race, and occupation. Demographic data is commonly…
Demographic Dividend – Definition, Meaning and Examples
What is a Demographic Dividend? Demographic dividend is the economic growth potential that can result from changes in a population’s age structure. This phrase refers…
Economic Benefits – Definition, Types, Importance
What are Economic Benefits? Economic benefits are any tangible advantages, such as the revenue generated or money saved, that may be quantified through the implementation…
Economic Analysis – Definition, Methods, Benefits
What is economic analysis? Economic analysis is the use of economic concepts and principles to make decisions about the allocation of scarce resources. The term…
Econometrics – Definition, Models and Methods
What Is Econometrics? Econometrics is the application of statistical methods to economic data in order to give empirical content to economic relationships. Econometric analysis typically…
Economics of Scope – Definition, Concept and Formula
What Are Economies of Scope? Economies of scale refers to the lowering of total manufacturing costs when a variety of goods are produced in tandem…
Economics of Production
What is the Economics of Production? Economics of production is the study of the relationships between economic variables, such as price, output, and factors of…
What Is Economics? Definition, Overview and Branches
What Is Economics? Economics is the scientific analysis of how individuals and groups allocate limited resources for production, distribution, and consumption. It includes the study…
Economic Value of Equity (EVE) – Definition, Purpose and Formula
What is the Economic Value of Equity (EVE)? The economic value of equity (EVE) is the market value difference between assets and liabilities. EVE assesses…
Economic Stimulus – Definition, Purpose and Examples
What Is Economic Stimulus? An economic stimulus is a Keynesian economics-inspired policy that encourages private sector activity by engaging in targeted, expansive monetary or fiscal…
Economic Capital – Overview, Importance and Role in Risk
What is an Economic Capital? Economic capital is the measure of the risk exposure of a firm’s capital. It is the amount of money required…
Economic Conditions – Definition, Importance and Characteristics
What are Economic Conditions? Economic conditions are the general state of the economy at a given time. They can be measured in terms of GDP,…
Economic Equilibrium – Definition, Types and Examples
What is Economic Equilibrium? Economic equilibrium is a situation in which there is no tendency for economic forces to change. That is, all relevant economic…
Economic Depression – Definition, Strategies, Indicators
What is Economic Depression? An economic depression is a financial crisis that impacts an economy on a macro level and is typically the result of…
Economic Equity – Definition, Types and Examples
What is Economic Equity? Economic equity is the notion or idea of fairness in economics, particularly with respect to taxes and welfare economics. It may…
Economic Expansion – Definition, Examples, Causes
What is Economic Expansion? Economic expansion is defined as the sustained increase in the level of economic activity, typically measured by gross domestic product (GDP),…
Economic Profit – Definition, Formula and Examples
What Is Economic Profit? Economic profit is the difference between the total revenue generated from the sale of a product and the overall costs of…
Economic Exposure – Definition, Example and Role of Exchange Rate
What Is Economic Exposure? Economic exposure is the sensitivity of a company’s future cash flows to changes in exchange rates. Exposures to foreign exchange rates…
Economic Growth – Definition, Causes and Measurement
What Is Economic Growth? Economic growth is defined as the rate of development in a country’s economy is measured by the rise in its inflation-adjusted…
Economic Inequality – Definition, Overview and Factors
What is Economic inequality? Economics inequality is the uneven distribution of financial assets and opportunities among different groups within a society. Economic inequality can be…
Economic Interdependence – Definition, Benefits, Causes and Effects
What Is Economic Interdependence? The term economic interdependence implies a system in which a number of businesses are economically reliant on one another. On a…
Economic Rent – Definition, Formula and Examples
What Is Economic Rent? Economic rent is any additional payment made to a factor of production, over and above the amount needed for bringing that…
Economic Indicators – Definition and List
What are economic Indicators? The term economic indicators refers to the set of data, usually macroeconomic in scope, that economists utilize to interpret present or…
Economic Recovery – Definition, Benefits, Examples
What Is an Economic Recovery? Economic recovery is the return of a country’s economy to its previous level of GDP after experiencing a period of…
Economic Utility – Definition, Types, Benefits
What is Economic Utility? The economic utility is the sum of satisfaction a consumer gains from a product. It’s another way to describe how useful…
Economic Value – Definition, Methods, Formula
What is Economic Value? Economic value is the maximum amount of money a consumer is willing and able to pay for a good or service….
Economic Value Added (EVA) – Definition, Steps and Calculation
What Is Economic Value Added (EVA)? Economic value added is the measurement that reflects the profitability of certain projects based on residual income methods. It…
Economic Depreciation – Definition, Overview, Equation and Causes
What is Economic Depreciation? Economic depreciation is a measure of how much value of an asset has declined over time due to wear and tear,…
Economic Collapse – Definition, Causes, Examples
What is Economic Collapse? An economic collapse is a collapse of a national, regional, or domestic economy that usually follows a time of turmoil and…
Deflation – Definition, Causes, Effects and Examples
Deflation is an economic phenomenon characterized by a sustained decrease in prices. Deflation can be caused by a variety of factors, including a decrease in…
Dependency Ratio – Definition, Calculation and Example
What is the dependency ratio? The dependency ratio is the ratio of the Dependents (aged 0-14 and 65+) to the Working Age Population (aged 15-64)….
Developed Country: Definition, List, Criteria
Developed countries are countries that have a high level of economic and industrial development. They also have a high standard of living, with access to…
Demand Schedule – Definition, Types, Curve, Pros and Cons
A demand schedule is a table that shows the quantity of a good or service that consumers are willing and able to purchase at various…
Division of Labour – Definition, Advantages, Disadvantages and Examples
The division of labour is the process by which work is divided up between different people or groups. It is a way of increasing efficiency…
