two-way price
11Price equation — The Price equation (also known as Price s equation) is a covariance equation which is a mathematical description of evolution and natural selection. The Price equation was derived by George R. Price, working in London to rederive W.D. Hamilton s… …
12price index — an index of the changes in the prices of goods and services, based on the prices of the same goods and services at a period arbitrarily selected as a base, usually expressed as 100. [1885 90] * * * Measure of change in a set of prices, consisting …
13price system — ▪ economics Introduction a means of organizing economic activity. It does this primarily by coordinating the decisions of consumers, producers, and owners of productive resources. Millions of economic agents who have no direct communication …
14Price elasticity of demand — Not to be confused with Price elasticity of supply. PED is derived from the percentage change in quantity (%ΔQd) and percentage change in price (%ΔP). Price elasticity of demand (PED or Ed) is a measure used in economics to show the… …
15Two-part tariff — A two part tariff is a price discrimination technique in which the price of a product or service is composed of two parts a lump sum fee as well as a per unit charge. As with all price discrimination techniques, it may only occur in partially or… …
16Two Witnesses — In Christian eschatology, the Two Witnesses are two individuals, concepts or corporate beings described in chapter 11 of the Book of Revelation in the events leading up to the second coming of Christ.] The images, symbolism, and allegorical… …
17Price index — A price index (plural: “price indices” or “price indexes”) is a normalized average (typically a weighted average) of prices for a given class of goods or services in a given region, during a given interval of time. It is a statistic designed to… …
18way — [[t]we͟ɪ[/t]] ♦ ways 1) N COUNT: oft N of ing, N to inf If you refer to a way of doing something, you are referring to how you can do it, for example the action you can take or the method you can use to achieve it. Freezing isn t a bad way of… …
19Price scissors — The price scissors is an economic phenomenon when for a certain group or sector of productive population the overall valuation from their production for sale outside this group drops below the valuation of the demand of this group for goods… …
20Price of anarchy — The price of anarchy is a concept from game theory that describes the difference in maximum social utility and the utility of an equilibrium point of the game.DefinitionGiven a game G=(N,A,u), it is natural to consider the social welfare , i.e.… …
