The concept of intertemporal substitution refers to the replacement of the consumption of a good or service at one point in time by consumption at a different time.
A comprehensive examination of investment trusts and their role in portfolio management.
A detailed entry on the concept of an isoprofit curve, its definitions, meanings, and applications in various economic frameworks.
A comprehensive overview of indexation, detailing its conceptual framework, historical background, and its application within various economic schools.
A rule for efficient commodity taxation based on the inverse relationship between tax rates and demand elasticities.
Understanding the characteristics and economic implications of impure public goods.
Comprehensive definition and explanation of income inequality in various economic contexts.
A form of financial futures where the pay-off from the contract is determined by an interest rate.
Payments made between residents of different countries or between residents and international bodies.
Immediate or short-term effect of an economic event before secondary adjustments.
Definition and meaning of imputed social contributions within the field of economics
An in-depth look at the definition and significance of income elasticity of demand in economics.
