The discount rate that equalizes the net present value of future real gains from private activities to their real private costs.
Things which the law recognizes as belonging exclusively to particular individuals or organizations, contrasted with government-owned and public things.
The parts of the economy not run by the government, encompassing households, sole traders and partnerships, companies, and non-profit organizations.
Private sector balance is the excess of savings over investment spending by the private sector, forming a crucial part of national income accounting identities.
A detailed overview of probability distributions, their definitions, and relevance in various economic frameworks.
Definition and conceptualization of the probit model in economics, focusing on its role as a discrete choice model using the cumulative normal distribution function.
Definition and explanation of process innovation in Economics
A good intended for use as a capital good or intermediate product by producers, rather than for direct use by consumers.
Definition and meaning of Producer Surplus in Economics
An exploration of the term 'product' in an economic context, covering production at various levels and related concepts.
Understanding product differentiation as a key element in non-price competition among firms.
An in-depth look at the concept of product innovation and its impact on economic growth.
