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The magic hexagon of economic policy is based on the four quantitative goals of the magic square, which are expanded by two qualitative goals…

The wage share (LQ) is a key figure from economics and stands for the share of national income that is formed solely by employee…

A performance society is geared towards making performance worthwhile. Those who do more should also get more. Many members of a performance society take…

The oligopoly is a type of market that is relatively common in practice. In a supply oligopoly, few suppliers face a relatively high number…

The planned economy (also called central administration economy) is a form of economy in which all essential decisions with regard to the allocation of…

The business cycle describes the more or less even sequence of the individual economic phases upswing, boom, downswing and low phase. The business cycle…

A state pursues economic policy when it wants to support its own national economy. The economic measures are aimed at achieving improved economic growth…

In economics and in particular in the field of microeconomics, polypol is a form of market in which a large number of market participants…

The economic phases represent the current situation of the overall economic situation based on the level of the real gross domestic product. A distinction…

The term economic indicators summarizes key figures with the help of which the development of an economy can be represented or described over a…

Keynesianism is a school of thought from economics, which goes back to the economist John Maynard Keynes (1883-1946). The theories of Keynesianism are essentially…

Inflation is a sustained increase in the price level for goods and services, which is accompanied by a corresponding inflation and a loss of…

With the prohibitive price, the economic price is determined at which a seller does not sell any goods. The quantity requested corresponds to the…

Hyperinflation is an extremely strong form of inflation. The inflation rate in the period of hyperinflation is 50% and more. The price level is…

The boom ( “Boom” ) is an economic cycle as part of the economic cycle. Essential characteristics of the boom are full employment, production…

Real income is an indicator that shows purchasing power taking inflation into account. It therefore describes the amount of goods that can be purchased…

Trade barriers are economic measures that make the exchange of goods and services more difficult. In particular, trade between two different economies is inhibited….

Demand inflation is when the price increase associated with inflation is due to a significant change in demand. Four types of demand inflation can…

According to sportingology, the hallmark of Giffen goods is that as prices rise, so does the demand for these goods. This contradicts the actual…

According to theinternetfaqs, the demand monopoly is a market form and at the same time a variant of the monopoly. In the case of…

The term “income” summarizes all income that the natural and legal persons of an economy receive at regular intervals. A household’s asset includes all…

The demand oligopoly is a variant of the oligopoly. It is characterized by the fact that many providers want to sell their products, with…

The recession is an economic phase during which the economic performance of an economy continuously declines. This phase is primarily characterized by falling order…

The nominal gross domestic product evaluates the production of goods and services that were produced within a period and within a country at the…

According to healthknowing, the real gross domestic product is a variant of the gross domestic product (GDP), which is independent of price fluctuations. The…

A market economy is an economic order in which both planning and control of all economic processes are coordinated via markets with the help…

The money supply is the entire money supply of an economy. The money stock means the cash and book money that is in the…

With open inflation, every market participant can see the rise in the general price level. This term is mainly used in connection with or…