An overview of the Latin American foreign debt crisis of the 1980s, including its context, economic implications, and resolutions.
The principle that states the level of demand for a good or service is inversely related to its price.
An overview of the law of diminishing returns and its implications in economic theory.
A statistical theorem stating that as the number of trials increases, the sample average will converge to the expected mean.
Permanent terminations or temporary suspensions by a firm of the employment of all or part of its workforce.
An economic time series which tends to rise or fall earlier than variables of interest.
The ability of traders to bring forward or defer the timing of transactions.
Definition and meaning of leakages from the circular flow of income within Keynesian economics.
The concept that productivity increases through practice and experience.
Understanding the Learning Curve: its definition, historical context, and major analytical frameworks.
A contract granting the use of land or buildings for a specified period in exchange for rent.
The form of tenure of land or buildings by which the tenant has a lease.
