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Definitions
Bundle of Goods
Economics
Bundle of Goods
Price Index
Consumer Behavior
A comprehensive look at the term 'bundle of goods,' its implications in economics, and how it is applied in constructing price indices.
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Definitions
Bundling
Economics
Marketing
Price Discrimination
Consumer Surplus
The marketing of related products as a single unit with a price typically less than the sum of the prices of the separate items.
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Definitions
Business - Definition and Meaning
Economics
Business
Commercial Activity
Economic Fluctuations
Profit-Seeking
An exploration of the term 'business' encompassing all forms of industrial and commercial profit-seeking activity, including its cycle, lobby, and broader economic significance.
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Definitions
Business Ethics
Business Ethics
Corporate Governance
Fair Dealing
Multinational Firms
Environmental Impact
The standards and principles businesses observe in their dealings beyond compliance with the law.
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Definitions
Business Rate
Economics
Taxation
Public Finance
UK
A UK tax on business premises used to finance local authorities, now levied at a uniform national rate.
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Definitions
Buyer
Economics
Consumer Behavior
Market
Definition and meaning of the term 'buyer' within an economic context.
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Definitions
Buyer Concentration
Buyer Concentration
Market Power
N-Firm Concentration Ratio
Herfindahl Index
A measure of market power on the demand side of a market, indicating the proportion of total market purchases by the largest buyers.
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Definitions
Buyer's Market - Definition and Meaning
Economics
Market Conditions
Buyer’s Market
A comprehensive look at the term 'buyer's market' in economics, its implications, and its contextual significance.
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Definitions
By-Product - Definition and Meaning
By-Product
Economics
Production
A comprehensive overview of the term 'by-product' in the context of economics, detailing its definition, relevance, and implications.
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Definitions
bygones
Bygones
Economics
Sunk Costs
Decision-Making
Past events which play no part in rational present decision-making in the context of economics.
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Definitions
Binomial Distribution - Definition and Meaning
Economics
Statistics
Probability
Binomial Distribution
An in-depth exploration of the binomial distribution, its historical context, definitions, major analytical frameworks, and applications.
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Definitions
Broad Money
Economics
Money Supply
Monetary Aggregates
A relatively inclusive definition of money, encompassing measures such as M2 and M3.
Read more about Broad Money.
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Economics Terms Lexicon
Ultimate Dictionary of Economics and Beyond.
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