Economics

Economics is a social science concerned with the production, distribution, and consumption of goods and services. It's comprised of broader macroeconomics and consumer-centric microeconomics.

Microeconomics
Macroeconomics
Behavioral Economics

Positive Economics Definition

Positive economics is the study of economics based on objective analysis of what is occurring and what has been occurring in an economy.

What Is Money?
Understanding Cost-Push Inflation vs. Demand-Pull Inflation
Pros and Cons of a Trade Deficit

What Does the Law of Diminishing Marginal Utility Explain?
Understanding GDP vs. GNP
Understanding Moral Hazard vs. Adverse Selection
Exploring the Current Account in the Balance of Payments
What Is the Balance of Payments?
What is the Quantity Theory of Money?
Adverse Selection Definition
Business Cycle Definition
Capital Definition
Consumer Price Index (CPI) Definition
Deficit Definition
Demand Elasticity Definition
Economics: Overview, Types and Economic Indicators
Export Definition
Free Market Definition
Gross Domestic Product (GDP) Definition
Inflation Definition
Keynesian Economics Definition
Law Of Supply Definition
Law of Supply and Demand Definition
Market Power Definition
Market Definition
Medium Of Exchange Definition
Milton Friedman
Mixed Economic System Definition
Monopolistic Competition Definition
Multiplier Definition
Natural Unemployment Definition
Net Exports Definition
Physical Capital Definition
Price-Taker Definition
Quota Definition
Real Gross Domestic Product (GDP) Definition
Standard of Living
Adam Smith: The Father of Economics
Normative Economics Definition
Understanding Positive vs. Normative Economics
Understanding Microeconomics vs. Macroeconomics
American Dream Definition
Bureaucracy Definition
Creative Destruction Definition
Derived Demand Definition
Dumping Definition
Externality Definition
Free Enterprise Defined
Gini Index Definition
Human Capital Definition
Invisible Hand Definition
Marginal Revenue Product (MRP) Definition
Mass Production Definition
Monopsony Definition
Purchasing Managers' Index (PMI) Definition
Raw Materials Definition
Scalability Definition
Seasonality Definition
Seigniorage Definition
The Definition of Social Economics
Terms of Trade – TOT Definition
Third World Definition
United Nations (UN) Definition

Economics

Economics is a social science concerned with the production, distribution, and consumption of goods and services. It's comprised of broader macroeconomics and consumer-centric microeconomics.

Positive Economics Definition

What Is Money?

Understanding Cost-Push Inflation vs. Demand-Pull Inflation

Pros and Cons of a Trade Deficit

What Does the Law of Diminishing Marginal Utility Explain?

Understanding GDP vs. GNP

Understanding Moral Hazard vs. Adverse Selection

Exploring the Current Account in the Balance of Payments

What Is the Balance of Payments?

What is the Quantity Theory of Money?

Adverse Selection Definition

Business Cycle Definition

Capital Definition

Consumer Price Index (CPI) Definition

Deficit Definition

Demand Elasticity Definition

Economics: Overview, Types and Economic Indicators

Export Definition

Free Market Definition

Gross Domestic Product (GDP) Definition

Inflation Definition

Keynesian Economics Definition

Law Of Supply Definition

Law of Supply and Demand Definition

Market Power Definition

Market Definition

Medium Of Exchange Definition

Milton Friedman

Mixed Economic System Definition

Monopolistic Competition Definition

Multiplier Definition

Natural Unemployment Definition

Net Exports Definition

Physical Capital Definition

Price-Taker Definition

Quota Definition

Real Gross Domestic Product (GDP) Definition

Standard of Living

Adam Smith: The Father of Economics

Normative Economics Definition

Understanding Positive vs. Normative Economics

Understanding Microeconomics vs. Macroeconomics

American Dream Definition

Bureaucracy Definition

Creative Destruction Definition

Derived Demand Definition

Dumping Definition

Externality Definition

Free Enterprise Defined

Gini Index Definition

Human Capital Definition

Invisible Hand Definition

Marginal Revenue Product (MRP) Definition

Mass Production Definition

Monopsony Definition

Purchasing Managers' Index (PMI) Definition

Raw Materials Definition

Scalability Definition

Seasonality Definition

Seigniorage Definition

The Definition of Social Economics

Terms of Trade – TOT Definition

Third World Definition

United Nations (UN) Definition