The legal liability of employers to compensate their employees for accidents and illnesses due to their work.
Regulations concerning the dismissal of workers by their employers.
Simultaneous causality between the dependent variable and an endogenous variable, rendering ordinary least squares estimation biased and inconsistent
A model of business cycles where fluctuations arise from internal factors, specifically random shocks to economic agents' beliefs.
Economic growth where the growth rate is determined by the choices of economic agents.
A variable whose value is determined by the equilibrium of a system, contrasted with an exogenous variable which is externally imposed.
A tax on the consumption of energy from fossil fuels, aimed at conserving non-renewable energy resources and mitigating global warming.
A detailed examination of the Engel Curve and its implications in economic theory
A curve showing the relation between income level and consumption of some good, at a given price.
The financial and corporate misconduct leading to the bankruptcy of Enron in December 2001.
An in-depth look at the term 'enterprise' and its significance in economics.
