introduction to economics
61Network economics — refers to business economics that benefit from the network effect. This is when the value of a good or service increases when others buy the same good or service. Examples are website such as EBay, or iVillage where the community comes together… …
62Principles of Economics — ( Grundsätze der Volkswirtschaftslehre ) is a book by economist Carl Menger which is credited with the founding of the Austrian School of economics. Published in 1871, in German, it advances his theory that the marginal utility of goods, rather… …
63Structuralist economics — originated with the work of the Economic Commission for Latin America (ECLA or CEPAL) and is primarily associated with its director Raul Prebisch and Brazilian economist Celso Furtado. Key to structuralist analysis is the idea that the structural …
64Rivalry (economics) — In economics, rivalry is a characteristic of a good. A good can be placed along a continuum ranging from rivalrous (rival) to non rival. The same characteristic is sometimes referred to as subtractable or non subtractable [1]. A rival… …
65Framing (economics) — In economics, framing means the manner in which a rational choice problem has been presented. Amos Tversky and Daniel Kahneman have shown that framing can affect the outcome (ie. the choices one makes) of choice problems, to the extent that… …
66Duty (economics) — Taxation An aspect of fiscal policy …
67Delhi School of Economics - MIB — The Masters of International Business (MIB), Faculty of Commerce and Business, University of Delhi is is a two year, full time MBA equivalent degree program offered by the Department of Commerce, Faculty of Commerce and Business at the University …
68Original sin (economics) — For other uses, see Original Sin (disambiguation). Original sin is a commonly used metaphor in economics literature. It was proposed by Barry Eichengreen, Ricardo Hausmann, and Ugo Panizza in a series of papers to refer a situation in which most… …
69Oxford Dictionary of Proverbs, Introduction — The Concise Oxford Dictionary of Proverbs provides a general history of proverbs in common use in Britain in the last two hundred years. Some of the proverbs have been in use throughout the English speaking world for many years; others… …
70capital and interest — ▪ economics Introduction in economics, a stock of resources that may be employed in the production of goods and services and the price paid for the use of credit or money, respectively. Capital in economics is a word of many meanings …
