Prospect Theory
A theory of choice under risk highlighting psychological factors influencing decisions.
Player
The term 'player' in economics refers to any participant in a strategic situation being modeled, particularly within the context of game theory.
Profit Motive - Definition and Meaning
Understanding the concept of profit motive in economic theory, its historical context, and various analytical perspectives.
Piracy
An in-depth analysis of piracy, especially related to copyright infringement, and its economic implications.
Price Stability
An objective of economic policy aimed at maintaining steady prices by avoiding prolonged inflation and deflation.
Public Sector Debt
An intensive look into the concept, historical context, and analytical frameworks of public sector debt, also referred to as government debt.
Pink Book
UK Balance of Payments, an annual publication detailing the country's external economic affairs.
Property Income from Abroad
An income derived by residents of a country from rents, dividends, and interest received from abroad
Pay Control
Control over wage rates as part of a prices and incomes policy.
Power
Strength in arranging the terms of one’s dealing with other firms or people.