A process by which an uninformed party elicits information from parties with private information, often in the context of economic interactions involving asymmetrical information distribution.
The right of tenants to continue renting as long as they meet tenancy conditions
Costs incurred in the process of selling products, such as advertisements, trade fairs, and sales personnel.
A concise guide to understanding short-dated securities - financial instruments with maturities of under 5 years
An arrangement by central banks to lend one another reserves to stabilize exchange rates and prevent speculative attacks.
An economics term referring to a firm founded and run by the state, often to engage in activities not attractive to private entrepreneurs or those involving natural monopolies.
Adjustment to correct for seasonal patterns in time-series data by estimating and removing seasonal effects in economic activity caused by natural factors, administrative measures, and social or religious traditions.
A situation in which a policy-maker is subject to one or more constraints in addition to those relating to technology and endowments.
Contracts designed to make a company unattractive to potential takeover bidders
The measurement and analysis of firms of various sizes within an industry or economy
The ability to perform certain tasks satisfactorily which may involve physical dexterity, mental ability, or both.
Understanding the economic concept of social opportunity cost, addressing its definition, historical context, and major frameworks.
