An economy in which the production and management of knowledge is a significant component of total output.
An in-depth exploration of the Kondratieff Cycle, a theoretical long-term economic cycle suggested by Nikolai Kondratieff.
A measure of the 'humpedness' of a probability distribution compared to a normal distribution.
A curve depicting the change in inequality over time during the process of economic development.
An international agreement aimed at reducing greenhouse gas emissions to control global warming.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Knock-on Effect" 6date: 2023-10-05 7description: "The idea that one action or event has secondary or indirect consequences in economics." 8tags: ["Economics", "Systematic Effects", "Equilibrium"] 9--- 10 11## Background 12 13The knock-on effect refers to the concept whereby an initial action results in a series of events or reactions, producing secondary or indirect consequences. In the context of economics, it underscores the interconnectedness of economic agents and how a change in one aspect of the economy can trigger wider repercussions.
