Definition and overview of Purchase Tax, a UK tax on consumer goods replaced by Value-Added Tax in 1973.
The amount of real goods and services each unit of money will buy.
A comprehensive understanding of Purchasing Power Parity (PPP) in economics
Understanding the concept of a pure floating exchange rate, its implications, and associated risks.
A put bond, also known as a retractable bond, allows the bondholder to force the issuer to repurchase the bond at specified dates before maturity.
A contractual agreement giving the right, but not the obligation, to sell an asset at a predetermined price on a specified future date.
Definition and meaning of a pyramid scheme, including its mechanics and economic implications.
An in-depth definition and analysis of the term 'Property Portfolio' within the field of economics.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Price Discrimination" 6date: 2023-10-05 7description: "An overview of price discrimination, its types, and its impact on economics." 8tags: ["Economics", "Price Discrimination", "Market Power", "Consumer Behavior"] 9--- 10 11## Background 12 13Price discrimination is a strategy used by monopolists and firms with significant market power to maximize profits by charging different prices for the same good or service based on various criteria, such as customer characteristics, purchase quantity, or location.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Price Elasticity" 6date: 2023-10-05 7description: "The proportional change in quantity supplied or demanded relative to a proportional change in price." 8tags: ["economics", "price elasticity", "supply and demand"] 9--- 10 11## Background 12 13Price elasticity measures how responsive the quantity supplied or demanded of a good or service is to a change in its price. It is a critical concept in economics that helps to understand market dynamics, consumer behavior, and incentive systems.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Probability" 6date: 2023-10-05 7description: "A quantitative measure of the chance that a random event will occur." 8tags: ["probability", "quantitative measure", "random event", "economics"] 9--- 10 11## Background 12 13Probability is a fundamental concept in statistics, mathematics, and a wide range of applied fields, including economics. It quantifies the likelihood of the occurrence of different possible outcomes in an uncertain event or situation.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Profit Warning" 6date: 2023-10-05 7description: "An announcement by a company warning the market that profits are likely to be lower than previously expected." 8tags: ["economics", "finance", "business"] 9--- 10 11## Background 12 13In the business and financial world, companies are often expected to hit certain profit targets, which can significantly influence market expectations and investor sentiment. When a company realizes that it may not meet these previously stated profit expectations, it may issue a "profit warning.
