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Define Economic Globalization
Economic globalization has marked world economic activity for years now, and economists suggest this trend is here to stay. Trade agreements such...
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Definition of Economic Meltdown
The 2007 collapse of the U.S. housing market and the worldwide economic damage that followed in 2008 and 2009 brought the term...
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Importance of Capital in Economics
Capital is very important in economics. It consists of money -- financial capital -- as well as labor and resources. Capital acts...
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How to Define Market Economics
A basic economics course in college introduces students to the basic concepts of economic thinking. Students should be able to identify and...
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Definition of Labor Cost
Wages and labor are usually the most expensive part of running a business. Companies develop strategies to limit the amount of wasted...
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Definition of Short Run in Economics
The short run is the period of time where at least one factor of production is fixed and at least one factor...
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Definition of Economics
People often think of economics as concerned only with money, business, and supply and demand. But economics is about much more and...
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The Definition of Credit Economics
Many people understand the term “credit” by applying it to their personal finances: when they charge a purchase to their credit card,...
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Factors That Generate Economic Growth
Education represents a human capital investment that influences economic growth. Lisa Stirling/Digital Vision/Getty Images
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Economics Definition of Unemployment
Economists keep a close eye on unemployment figures. Unemployment is a barometer for economic well-being in other sectors of the economy. For...
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Characteristics of Capital Goods
Capital goods are tangible assets, such as factories, machines and small tools individuals or organizations use to make products and services, such...
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How to Define Working Capital
Here we will focus on the conversion of raw materials into finished goods, also known as working capital. Working capital also refers...
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Capital Expenditure Explained
Members of Congress often enact business legislation on the theory that tax incentives put more money in corporate vaults, especially fiscal policies...
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Definition of Market in Economics
When most people think of a market, they think of a physical place, like their neighborhood supermarket, complete with shoppers and shelves...
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Types of Capital Economics
Types of Capital Economics. The global capital recession from 2007 to 2010 threw economics, as a field of study, into a tailspin....
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Economics Definition of Depreciation
Depreciation is the opposite of appreciation and differs from depression in economic terms. When an object depreciates, it loses its value relative...
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Definition of Idle Resources in Economics
During an economic recession, output drops and unemployment rises, creating idle resources--unemployed workers and unused capital. Some economists advocate government ...
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What Is Capital Intensity?
In economics, capital intensity is determined by comparing the total units invested in a business with the total units invested in labor....
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How to Define Capital
Capital is defined differently in the various realms of business. From the banking industry to personal finance, capital is what we all...
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How to Calculate Economic Profits
Economic profit, commonly known as economic value added (EVA), is the profit of a business after factoring in the opportunity cost of...