Glossary 1) Economic Relevance 2) Economic Principles 3) Economic Tasks 4) Economic Systems 5) Price Determination 6) Justice 7) Human Rights 8) Poverty Cycle 9) 3-Core Values 10) Experiments Interactive
Contents : Teach : Glossary
Search for Definition: - A - Absolute Advantage Agricultural Sector Allocative Efficiency Altruism Altruistic Value Autarchy Average Product - B - Basic Needs Bequest Value Black Market Borrowing Constraint Brain Drain Buffer Stocks - C - Capital Capital Stock Cartel Cash Crop Closed Economy Club Good Common Property Resource Comparative Advantage Consumer Surplus Cost-Benefit Analysis Cost-Effectiveness Cross-Price Elasticity of Demand - D - Deadweight Loss Demographic Transition Dependency Burden Depreciation - E - Econometrics Economic Development Elasticity Endogenous Growth Environmental Capital Exhaustible Resource Existence Value External Debt Externality Extreme Poverty - F - Financial Intermediary Fixed Input Foreign Investment Free Rider - G - General Equilibrium Gross Domestic Product (GDP) Gross National Product (GNP) - H - Half-Share Coefficient Human Capital - I - Imperfect Competition Imperfect Information Income Elasticity of Demand Increasing Returns to Scale Increasing Returns to Size Induced Innovation Infrastructure - L - Labor-Augmenting Technical Change Labor Productivity Land Productivity Law of Diminishing Returns Long Run Low-Income Country - M - Marginal Benefit Marginal Cost Marginal Product Marginal Social Benefit Marginal Social Cost Market Economy Moderate Poverty Monopoly Monopsony Moral Hazard Net Domestic Product (NDP) Net National Product (NNP) Net Present Value - O - Oligopoly Oligopsony Open Access Good Opportunity cost Option Value - P - Partial Equilibrium Paternalism Per Capita Income Perfect Competition Private Cost Private Good Producer Surplus Profit Maximization Public Good - R - Rate of Return (ROR) Renewable Resource - S - Shifting Cultivation Short Run Slash-and-Burn Agriculture Social Benefit Social Cost Sustainable Development - T - Trade-off Definition:
