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Definitions
Compensating Wage Differential
Compensating Wage Differential
Labor Economics
Income
A differential in wages intended to compensate workers for special non-pecuniary aspects of a job.
Read more about Compensating Wage Differential.
Definitions
Compensation for Externalities
Externalities
Economic Efficiency
Polluter Pays Principle
Equity
Compensation
Compensation by those causing adverse externalities to the victims of these externalities.
Read more about Compensation for Externalities.
Definitions
Compensation Principle
Compensation Principle
Hicks–Kaldor Principle
Welfare Economics
A detailed exploration of the compensation principle, also known as the Hicks–Kaldor principle, its application in economics, and its criticisms.
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Definitions
Competition
Competition
Economics
Market Structures
Understanding the concept and implications of competition in economics
Read more about Competition.
Definitions
Competition and Markets Authority
Competition and Markets Authority
CMA
Competition Commission
Office of Fair Trading
UK
Regulation
Monopoly
Consumer Protection
An exploration of the UK body set up to replace the Competition Commission and the Office of Fair Trading.
Read more about Competition and Markets Authority.
Definitions
competition policy - Definition and Meaning
Economics
Competition Policy
Antitrust
Market Regulation
Government policy to encourage competition, addressing both the structure of industries and the behavior of firms within them.
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Definitions
Competitive Advantage
Economics
Competitive Advantage
Business
Strategy
Understanding competitive advantage and its significance in business and economics.
Read more about Competitive Advantage.
Definitions
Competitive Devaluation
Economics
Currency
Devaluation
International Trade
Analysis of Competitive Devaluation in Economics
Read more about Competitive Devaluation.
Definitions
Competitive Economy
Economics
Competitive Economy
Market Competition
An overview of the concept of a competitive economy, where economic agents consider prices as given when making economic choices.
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Definitions
Competitive Equilibrium
Economics
Competitive Markets
Market Equilibrium
Equilibrium in an economy with competitive markets where agents maximize their objectives under constraints, and all markets clear.
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Definitions
Competitive Fringe
Economics
Market Competition
Dominant Firms
The smaller firms that coexist with a dominant firm, or a small number of dominant firms, in an imperfectly competitive industry.
Read more about Competitive Fringe.
Definitions
Competitive Tendering
Economics
Procurement
Public Services
Bidding
A system of purchasing goods or services by inviting and evaluating bids to select a supplier.
Read more about Competitive Tendering.
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Economics Terms Lexicon
Ultimate Dictionary of Economics and Beyond.
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