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Definitions
First-Degree Price Discrimination
Price Discrimination
Economics
Consumer Surplus
Producer Surplus
An overview of first-degree price discrimination, its definitions, concepts, and effects in economic contexts.
Read more about First-Degree Price Discrimination.
Definitions
First-in, First-out (FIFO)
Accounting
Inventory Management
Economics
Accounting convention assuming first-use of oldest materials in stock.
Read more about First-in, First-out (FIFO).
Definitions
First-Mover Advantage
Game Theory
Competitive Advantage
Business Strategy
The strategic advantage to being the first to act in various economic contexts.
Read more about First-Mover Advantage.
Definitions
First-Price Auction
Auction Theory
Auctions
Market Mechanisms
Economics
An auction format where sealed bids are submitted, and the highest bidder wins the item at their bid price.
Read more about First-Price Auction.
Definitions
Fiscal Drag
Fiscal Policy
Taxation
Progressive Taxes
Inflation
Economic Terms
An explanation of fiscal drag and its implications in progressive tax systems.
Read more about Fiscal Drag.
Definitions
Fiscal Federalism
Fiscal Federalism
Federalism
Government Finance
Taxation
The division of revenue collection and expenditure responsibilities among different levels of government.
Read more about Fiscal Federalism.
Definitions
Fiscal Illusion
Fiscal Policy
Taxation
Public Economics
A systematic misperception of the tax burden by taxpayers causing distorted democratic decisions on fiscal issues.
Read more about Fiscal Illusion.
Definitions
Fiscal Neutrality
Economics
Fiscal Policy
Tax System
The aim of devising a fiscal system which does not cause distortions in the economy.
Read more about Fiscal Neutrality.
Definitions
Fiscal Policy
Economics
Fiscal Policy
Government Spending
Taxation
The use of taxation and government spending to influence the economy.
Read more about Fiscal Policy.
Definitions
Fiscal Stance
Economics
Fiscal Policy
Budget
Economic Expansion
Economic Contraction
An entry on the concept of fiscal stance, examining its meaning, historical context, analytical frameworks, and comparative analysis.
Read more about Fiscal Stance.
Definitions
Fiscal Stimulus
Economics
Public Spending
Taxation
Economic Policy
A policy of increased public spending and lower taxation intended to provide an immediate boost to economic activity.
Read more about Fiscal Stimulus.
Definitions
Fisher Effect
Economics
Fisher Effect
Inflation
Interest Rate
A phenomenon describing a one-for-one change in the nominal interest rate in response to the change in the inflation rate
Read more about Fisher Effect.
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Economics Terms Lexicon
Ultimate Dictionary of Economics and Beyond.
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