The sector of an economy making direct use of natural resources including agriculture, forestry, fishing, mining, and extraction of oil and gas.
A reference interest rate used by banks to determine the lending rates for their most creditworthy borrowers.
An explanation of the term 'principal' in economic and business contexts, including the principal-agent relationship.
An analytical technique for dimensionality reduction in multivariable datasets through identifying principal components.
The dilemma of motivating an agent to act on behalf of a principal when both parties follow their own self-interests.
The initial value or probability distribution attached to a parameter in Bayesian econometrics.
A two-player game illustrating the conflict between private and social incentives, and the importance of binding commitments.
The benefit arising to a single individual from an economic activity.
An explanation of the concept of a private company, focusing on its nature, structure, and restrictions as defined primarily in the UK context.
Definition and exploration of the term 'private enterprise' and its implications in the economic and political spheres.
An overview of Private Finance Initiative (PFI) and its relation to Public-Private Partnerships (PPPs).
Definition and meaning of the term 'private good' in economics
