Behavioural Theories of the Firm
Understanding the behavioural theories of the firm that look into the objectives of individuals and groups within firms rather than rigid profit maximization assumptions.
Benefit(s)
An extensive overview of the term 'benefit(s)' within the realm of economics, covering various types and implications.
Billion
Definition and variations of the term 'billion' in economic contexts
Bonus Issue
An issue of additional shares in a company to existing shareholders, in proportion to their holdings, without the shareholders having to pay for them.
Buy-out
Change in control of a company through its previous shareholders being bought out by new owners.
Economic Boom
An overview of a boom characterized by heightened economic activity, low unemployment, and rising prices.
Baumol’s law
The assertion that over time the size of the public sector will increase as a proportion of the economy, due to its relative labour intensity and inability to substitute capital for labor.
Best-Fit Line
A line on a scatter diagram representing the optimal relationship between two variables.
Balance of Payments
An overview of the balance of payments, detailing its components, significance, and associated analytical frameworks.
Board of Directors
The governing body of a company, responsible for appointing the company’s officers and making key strategic decisions. The board comprises executive and non-executive directors.
Bond Default Swap
An entry detailing the term 'Bond Default Swap' and its association with 'Credit Default Swap'.