Silicon Valley
Detailed entry on Silicon Valley, focusing on its economic significance, historical development, and role in technology specialization.
Simple Interest
The system by which repayment of a loan involves payment of the principal plus interest calculated using one period's interest, multiplied over the course of multiple periods.
Simulation
The use of quantitative models to represent the working of an economy and analyze the effects of changes in assumptions or policies.
Simultaneous Equations Model
An overview of Simultaneous Equations Model (SEM) used in econometrics for modeling relationships among multiple endogenous and exogenous variables.
Single Currency
An economic term referring to a currency used by two or more countries.
Single Market
A comprehensive guide explaining the concept of the single market, with a focus on the unified European market established in 1992.
Single-Peaked Preferences
An exploration into single-peaked preferences, their characteristics, and implications in economic theory.
Skewness
A measure of the degree of asymmetry of the distribution of a random variable.
Skilled Work
Work requiring specialized knowledge, technical qualifications, or experience.
Slack in Economics
Definition and meaning of slack in economics, and its relevance in various economic schools of thought.
Slump
An overview of the economic term 'slump,' its definitions, contexts, and related concepts