Economic Man
A person who makes rational decisions to achieve the most preferred outcome given constraints.
Economic Meltdown
A worsening economic situation analogous to the meltdown of a nuclear reactor; characterized by self-sustainability and danger.
Economic Model
A theoretical construct designed to analyse the behaviour of economic agents using quantitative and logical methods.
Economic Planning
A comprehensive entry on the concept of economic planning, covering definitions, historical contexts, major analytical frameworks, and more.
Economic Policy - Definition and Meaning
A comprehensive overview of economic policy, its components, and analytical frameworks used to regulate economic activity.
Economic Profit
An in-depth look at the concept of economic profit and its implications in various economic theories and practices.
Economic Recovery Tax Act of 1981
US legislation enacted to encourage economic growth through reductions in individual income tax rates, incentives for small businesses, and other measures.
Economic Rent
A payment for the services of an economic resource above what is necessary for it to remain in its current use.
Economic Sanctions
Comprehensive entry on the definition, historical context, and analysis of economic sanctions
Economic System
An analysis of the distinct frameworks an economy can adopt, affecting production, distribution, and consumption.
Economic Theory
The branch of economics focused on the construction of models and mathematical methods for their analysis.