Marginal Utility of Money
The amount by which an individual’s utility would be increased if given a small quantity of additional money.
Marginal Utility of Wealth
The increase in an individual’s utility from an incremental increase in total wealth.
Mark-to-Market
The evaluation of a financial trading position using current market data.
Market
A detailed entry about markets, encompassing its definitions, types, and significance in economics.
market access
The freedom to buy or sell in a market, potentially hindered by natural or institutional barriers.
Market Definition
The process of determining the firms, consumers, and products which constitute a specific market; a fundamental step in competition policy.
Market Economy
A comprehensive examination of a market economy, its mechanisms, and comparative insights with other economic systems.
Market Entry
Definition and analysis of the term 'market entry' in the field of economics
Market Failure
An examination of market failure in economic contexts, its sources, and implications for government intervention.
Market for Lemons
An economic theory that describes how asymmetric information can cause market failure, often illustrated through the used-car market.