Economic Behavior

animal spirits - Definition and Meaning
An economic concept introduced by John Maynard Keynes that refers to the instincts and emotions that influence human behavior in economic decision-making.
Expectations - Definition and Meaning
An exploration of the role of expectations in economics, including various types and their impact on economic decision-making
Gazundering
The practice where a purchaser lowers their initial offer on a property just before the sale completes.
Home Bias
The tendency for consumers and investors to favor domestic products and investments over foreign ones.
Microeconomics - Definition and Meaning
Comprehensive overview of microeconomics, focusing on the decision-making processes of individuals and firms, economic equilibria, and the impact of government policies on economic outcomes.
Risk-loving
An analysis of the concept of risk-loving individuals in economics.
Tax Expenditure
A means by which the government can encourage particular activities without formally making expenditures.