Phillips Curve
An in-depth exploration of the Phillips Curve, illustrating the inverse relationship between inflation and unemployment, differences in short-run and long-run analyses, and the role of expectations.
Physical Capital
Capital in the form of physical goods, including fixed capital, stocks, and work in progress.
Phytosanitary Measures
An exploration of the meaning, relevance, and implications of phytosanitary measures in economics and trade.
Picketing
The procedure during strikes of placing strikers outside workplaces to inform, persuade, and potentially dissuade other stakeholders from crossing the picket line.
Picking Winners
The idea that governments can promote economic development by selecting particular projects for financial and technical support.
Pigouvian Tax
A tax levied to correct market failures caused by externalities.
planned economy
An economy in which the government takes all major production and distribution decisions.
Planned Savings
The amount that individuals, firms, or governments plan to save.
Planning (Land-Use) - Definition and Meaning
Exploring the concept of planning within the context of land-use, examining its function, historical significance, and different economic perspectives on the subject.