A dominant firm is a company that possesses a significant market share in a given sector, typically 40% or more, often due to economies of scale, essential patents, or legal barriers to entry.
A good that provides long-term utility, typically lasting three years or more.
An examination of discretionary spending and its role in economic policy, contrasting with mandatory spending.
Debt for equity is a financial process where excessive debt obligations are exchanged for equity.
A detailed examination of the concept of 'decile' in economic terms, including definitions, frameworks, and related analytical perspectives.
Analysis of duality in economic optimization problems, particularly in consumer theory.
A game set in continuous time, where the change in the state variable is determined by the strategies of the two players.
Examination of how distortions impact the efficiency of price mechanisms in an economy.
Debt rescheduling is the renegotiation of the terms of debt repayment between a borrower and lender.
A subsidy paid to farmers when the prices at which certain products can be sold are below a target set by government policy.
Explanation of the economic concept: Demand-Determined Output
A phenomenon in which aggregate demand in an economy outpaces aggregate supply, causing prices to increase.
