A strategy wherein an incumbent firm sets a price low enough to deter new firms from entering the market.
A detailed exploration of linear regression, its methodologies, and its application in econometrics.
Retention of excess workers by a business during a downturn in expectation of future output recovery.
A graphical representation of inequality in income distribution within a country or region.
The area of economics concerned with the supply and demand for labour, examining various factors influencing participation rates, wage bargaining, organized labour, and other workforce dynamics.
Definition and meaning of the labour market in various economic contexts.
An in-depth look at the role and significance of land as a factor of production in economics
An estimate of the growth rate of a variable obtained from the ordinary least squares regression of the natural logarithm of the variable on a constant and on a linear time trend.
Approximation of an arbitrary function by a linear function, often used to simplify complex economic models.
Loss leader refers to a pricing strategy where a product is sold at a low price, often below cost, to attract customers who will then purchase additional, higher-margin products.
A detailed overview of the logistic distribution in economics and statistics.
An economic theory stating that the price of a given asset or good will have the same price when exchange rates are accounted for.
