Partial Equilibrium
An analysis focusing on a specific part of the economy while ignoring the effects on the rest of the economy
Pension Insurance Contract
A comprehensive overview of pension insurance contracts, their definition, concepts, and contextual applications.
Performance-Related Pay
A comprehensive overview of performance-related pay, its historical context, analytical frameworks, and implications in economics.
Perquisites
Perquisites: Payments in kind attached to jobs, such as company cars and medical insurance.
Personal Income Distribution
The distribution of income across individuals, measured before or after taxes and transfers, and distinct from functional income distribution.
Portable Pension
A detailed overview of a pension system that retains pension rights across different employers.
Price–Wage Spiral
An economic concept where rising wages lead to higher prices, and higher prices lead to further wage increases.
Procurement
Government purchase of goods and services, focusing on inefficiency, corruption, and protectionism.
Production Externality
An external effect of production that impacts others who are not directly involved in the production process.
Profit Maximization
The act of making as much profit as possible for a business, a key assumption in economic theory.
Profit-Sharing Arrangement
A formal agreement between parties on the distribution of profit from a business venture.