Economics

Shell Company
A company that exists legally and possibly has non-trading assets but does not engage in active trading.
Sheltered Monopoly
A monopoly protected from competition through legal restrictions or trade barriers.
Sherman Act
An overview of the Sherman Act, the original US federal antitrust legislation.
Short-Run Cost Curve
Definition and meaning of the short-run cost curve in economics.
Short-Run Phillips Curve
A concept in macroeconomics highlighting the short-term trade-off between inflation and unemployment
Short-termism: Definition and Meaning
An overview of short-termism in economic contexts, examining its implications and various theoretical frameworks.
Shortage
Understanding Shortages in Economics: Causes, Implications, and Management
Shut-Down Price
A pivotal concept in economics representing a price point below which a firm opts to halt production due to excessive losses.
Sickness Benefit
A benefit paid to workers temporarily unable to work because of illness.
Side-effects
Explanation of unintended results of policies in economics, known as side-effects.
Signalling
Actions undertaken primarily to convey information to prospective customers or employers, particularly in the context of asymmetric information.
Significance Test
An overview of significance tests, their formulation, and application in the context of linear regression models.
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.
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.
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
Social Chapter
A chapter of the Maastricht Treaty concerning social policies including employment protection and works councils.
Social Charges
An overview of social charges, encompassing their definition, historical context, and significance in various economic frameworks.
Social Choice
An examination of the economic concept of social choices, which are decisions made collectively by society.
Social Custom
An accepted, established, or expected pattern of behaviour in a society.
Social Interaction - Definition and Meaning
Examining the economic term 'social interaction' and its implications on preferences, constraints, and individual behaviors within reference groups.
Social Internal Rate of Return
Understanding the social internal rate of return, a discount rate that balances the net present social benefits and costs of a private activity, including externalities.
Social Optimum
The allocation that maximizes social welfare, chosen by a benevolent social planner within the constraints of resource endowment.
Social Purpose Company
A form of for-profit company that can pursue social or environmental objectives alongside profit maximization.
Social Returns to Education
Externalities generated by the education of individuals that benefit society beyond individual wages.
Social Security Benefits
State payments aimed at ensuring minimum living standards for residents, commonly provided to those over retirement age, the disabled, and others unable to support themselves.
Social Services
The parts of social security requiring individual contact rather than cash payments
Social Welfare Function
The level of welfare in an economy or society expressed as a function of economic variables.
Soft Budget Constraint
A limit to spending by some public body where those supposed to be subject to it believe that the consequences of breaching it will not be serious.
Soft Currency
A comprehensive examination of the term 'soft currency,' its implications, and comparisons within economic frameworks.
Soft Landing
A successful stabilization programme that achieves price stability without causing a recession.
Soft Loan
An economic term referring to a loan with less onerous conditions than prevailing market rates, frequently used for financing projects in developing countries or to support economic and social development.
Sole Proprietor
An in-depth overview of the concept of a sole proprietor in economics.
Sole Trader
A comprehensive entry on 'sole trader,' also referred to as 'sole proprietor,' within the framework of economics.
Sovereign Debt
Debt of the governments of independent countries and the economic implications.
Spare Capacity
Capital equipment available but not currently needed for production, maintained to meet potential sudden demand increases or to ensure continuity during equipment breakdowns.
Spatial Autocorrelation
A measure of spatial dependence in spatial data, often assessed using Moran’s autocorrelation coefficient.
Special Anti-Avoidance Rule (SAAR)
An understanding of Special Anti-Avoidance Rule (SAAR) and its role in economic tax systems.
Specific Tax
A tax levied as a fixed sum on each physical unit of the good taxed, regardless of its price.
Speculative Bubble
An economic cycle characterized by the rapid escalation of asset prices followed by a contraction.
Spillover
A comprehensive overview of the term 'spillover' and its significance in economics.
Spot Market
A market for immediate delivery of goods, securities, and currencies.
Spread
Understand the meaning and implications of the term spread in economics.
Spurious Correlation
A detailed examination of spurious correlation in statistics and economics.
Stakeholder
A term referring to any individual, group, or entity that has an interest or stake in a business or organization.
Standard and Poor’s (S&P)
Definition and meaning of Standard and Poor’s (S&P), a major US credit-rating agency and producer of stock price indices.
Standard International Trade Classification
An overview and detailed explanation of the Standard International Trade Classification system used for classifying international visible trade.
Standard of Living
The economic component of people’s welfare measured by various factors.
Standard Rate
Definition and meaning of the standard rate in the context of UK income tax
Standardized Commodity
A comprehensive overview of standardized commodities, including their definition, significance, and role in the market economy.
state-owned company
A company whose shares are owned by the state, often in the prelude to privatization.
Static Equilibrium
A state where economic variables remain constant in the absence of external forces.
Stationary Process
An in-depth look at the stationary process, including its definitions, major analytical frameworks, and historical context.
Statistics - Definition and Meaning
A branch of mathematics dealing with the methods for collection and analysis of data samples to infer properties of a broader population.
Statutory Monopoly
Explanation of statutory monopoly, a monopoly protected by law.
Sterling
Detailed entry on the definition, meaning, and historical context of the term 'Sterling' in economics.
Stock - Definition and Meaning
The comprehensive definition of stock in economics and its contextual application in various economic theories.
Stockpile
A large stock of a commodity held for strategic or economic reasons.
Straight-line Depreciation
A method of accounting for depreciation of an asset by evenly distributing its cost over its assumed useful life.
Strategy
An exploration of the concept of strategy within the context of game theory, including dominant and mixed strategies and their implications.
Stratified Sample
A method of sampling that involves dividing a population into subgroups and taking samples from each subgroup in proportion to their presence in the population.
Strengthening of a Currency
A rise in the price of one currency in terms of others due to increased demand.
Structural Funds
Funds operated by the European Union to improve economic conditions in the poorest regions of member countries and reduce regional inequality.
Structure–Conduct–Performance
An exploration of the Structure-Conduct-Performance (SCP) paradigm in industrial organization economics.
Subgame in Game Theory
Definition, historical context, and analytical frameworks for understanding the concept of a subgame in economics and game theory.
Subsidiarity
The principle that decisions on policy should be taken at the most decentralized level consistent with making them effective.
Subsidized Credit
Credit provided on terms below normal market rates to encourage specific activities or to benefit particular groups.
Subsidy
Government payments to consumers or producers affecting the factor cost.
substitute
A comprehensive exploration of the concept of substitutes in economics—goods or services that can be used to satisfy similar needs.
Substitution
The concept of substitution in economics referring to the switching of consumption from one good or service to another in response to a change in the ratio of prices.
Sucre - A Regional Currency in Latin America
An exploration of the Sucre, a regional currency introduced in 2009 by a group of Latin American countries.
Superannuation
An overview of superannuation, its definitions, practices, and significance in the context of economics.
Supply
The amount of a good or service offered for sale and its determination factors.
Supply-Side Economics
An overview of supply-side economics, focusing on its core principles, historical context, and its contrast with Keynesian economics.
Surplus
A comprehensive overview of the term 'surplus' in an economic context
Synergy: Definition and Meaning
Understanding the concept of synergy in economics and its impacts on business mergers and acquisitions
Systematic Risk
Understanding systematic risk in economic terms, its impacts, and analytical frameworks.
Systemic Threat
A comprehensive overview of systemic threats within an economic context, focusing on their broad implications and inter-connectivity in financial systems.
t-test: Definition and Meaning
An overview of the t-test, a statistical hypothesis test used to determine if there is a significant difference between the means of two variables.
Talk Down
The attempt to bring down the value of an economic variable through persuasion by the authorities.
Tap Issue
An overview of the term 'tap issue', mainly in the context of UK Treasury bills, contrasting it with 'tender issue'.
Targeting
Making benefits available to a particular group of people identified by certain characteristics.