January 18, 2023 All about GMAT GMAT DEFINITION According to abbreviationfinder, GMAT stands for The Graduate Management Admission Test which is a stress exercise that takes about three hours. Understanding…
August 31, 2021 What is magic hexagon? The magic hexagon of economic policy is based on the four quantitative goals of the magic square, which are expanded by two qualitative goals…
August 30, 2021 What is wage share? The wage share (LQ) is a key figure from economics and stands for the share of national income that is formed solely by employee…
August 29, 2021 What is achievement society? A performance society is geared towards making performance worthwhile. Those who do more should also get more. Many members of a performance society take…
August 28, 2021 What is oligopoly? The oligopoly is a type of market that is relatively common in practice. In a supply oligopoly, few suppliers face a relatively high number…
August 27, 2021 What is planned economy? The planned economy (also called central administration economy) is a form of economy in which all essential decisions with regard to the allocation of…
August 26, 2021 What is business cycle? The business cycle describes the more or less even sequence of the individual economic phases upswing, boom, downswing and low phase. The business cycle…
August 25, 2021 What is economic policy? A state pursues economic policy when it wants to support its own national economy. The economic measures are aimed at achieving improved economic growth…
August 24, 2021 What is polypol? In economics and in particular in the field of microeconomics, polypol is a form of market in which a large number of market participants…
August 23, 2021 What are economic phases? The economic phases represent the current situation of the overall economic situation based on the level of the real gross domestic product. A distinction…
August 22, 2021 What are business indicators? The term economic indicators summarizes key figures with the help of which the development of an economy can be represented or described over a…
August 21, 2021 What is Keynesianism? 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…
August 20, 2021 What is inflation? Inflation is a sustained increase in the price level for goods and services, which is accompanied by a corresponding inflation and a loss of…
August 19, 2021 What is prohibitive price? With the prohibitive price, the economic price is determined at which a seller does not sell any goods. The quantity requested corresponds to the…
August 18, 2021 What is hyperinflation? Hyperinflation is an extremely strong form of inflation. The inflation rate in the period of hyperinflation is 50% and more. The price level is…
August 17, 2021 What is boom? The boom ( “Boom” ) is an economic cycle as part of the economic cycle. Essential characteristics of the boom are full employment, production…
August 16, 2021 What is real income? Real income is an indicator that shows purchasing power taking inflation into account. It therefore describes the amount of goods that can be purchased…
August 15, 2021 What are trade barriers? Trade barriers are economic measures that make the exchange of goods and services more difficult. In particular, trade between two different economies is inhibited….
August 14, 2021 What is demand inflation? Demand inflation is when the price increase associated with inflation is due to a significant change in demand. Four types of demand inflation can…
August 14, 2021 What is Giffen goods? According to sportingology, the hallmark of Giffen goods is that as prices rise, so does the demand for these goods. This contradicts the actual…
August 13, 2021 What is monopoly of demand? According to theinternetfaqs, the demand monopoly is a market form and at the same time a variant of the monopoly. In the case of…
August 13, 2021 What is fair distribution of income and wealth? 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…
August 12, 2021 What is demand oligopoly? The demand oligopoly is a variant of the oligopoly. It is characterized by the fact that many providers want to sell their products, with…
August 12, 2021 What is recession? The recession is an economic phase during which the economic performance of an economy continuously declines. This phase is primarily characterized by falling order…
August 11, 2021 What is nominal gross domestic product? The nominal gross domestic product evaluates the production of goods and services that were produced within a period and within a country at the…
August 11, 2021 What is real gross domestic product? According to healthknowing, the real gross domestic product is a variant of the gross domestic product (GDP), which is independent of price fluctuations. The…
August 10, 2021 What is market economy? A market economy is an economic order in which both planning and control of all economic processes are coordinated via markets with the help…
August 10, 2021 What is money supply? The money supply is the entire money supply of an economy. The money stock means the cash and book money that is in the…
August 9, 2021 What is open inflation? With open inflation, every market participant can see the rise in the general price level. This term is mainly used in connection with or…
August 9, 2021 What is galloping inflation? Galloping inflation is a type of inflation that is particularly evident. The price level rises rapidly, while at the same time the value of…
