Bundle of Goods
A comprehensive look at the term 'bundle of goods,' its implications in economics, and how it is applied in constructing price indices.
Bundling
The marketing of related products as a single unit with a price typically less than the sum of the prices of the separate items.
Business - Definition and Meaning
An exploration of the term 'business' encompassing all forms of industrial and commercial profit-seeking activity, including its cycle, lobby, and broader economic significance.
Business Ethics
The standards and principles businesses observe in their dealings beyond compliance with the law.
Business Rate
A UK tax on business premises used to finance local authorities, now levied at a uniform national rate.
Buyer
Definition and meaning of the term 'buyer' within an economic context.
Buyer Concentration
A measure of market power on the demand side of a market, indicating the proportion of total market purchases by the largest buyers.
Buyer's Market - Definition and Meaning
A comprehensive look at the term 'buyer's market' in economics, its implications, and its contextual significance.
By-Product - Definition and Meaning
A comprehensive overview of the term 'by-product' in the context of economics, detailing its definition, relevance, and implications.
bygones
Past events which play no part in rational present decision-making in the context of economics.
Binomial Distribution - Definition and Meaning
An in-depth exploration of the binomial distribution, its historical context, definitions, major analytical frameworks, and applications.
Broad Money
A relatively inclusive definition of money, encompassing measures such as M2 and M3.