Microeconomics
Microeconomics studies how the behaviors of individual market participants—such as buyers, sellers, and business owners—affect the allocation of resources.
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Demand Definition
Demand is an economic principle that describes consumer willingness to pay a price for a good or service.
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Efficiency Definition
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Elasticity Definition & Explanation
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Indifference Curve Definition
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Inferior Good Definition
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Law of Demand Definition
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Long Run Definition
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Market Price Definition
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Substitute Definition
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Elasticity vs. Inelasticity of Demand: What's the Difference?
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Barriers to Entry Definition
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Law of Diminishing Marginal Productivity Definition
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Marginal Rate of Substitution (MRS) Definition
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Rent Seeking Definition
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Comparing Internal vs. External Economies of Scale
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Disequilibrium Definition
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External Economies of Scale Definition
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Imperfect Market Definition
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Marginal Utility Definition
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Price Leadership Definition
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Short Run Definition
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Theory of the Firm Definition
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Theory Of Price Definition
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Diminishing Marginal Returns vs. Returns to Scale: What's the difference?
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Giffen Good Definition
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Marginal Rate of Transformation (MRT) Definition
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Minimum Efficient Scale (MES) Definition
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Price Sensitivity Definition
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Switching Costs Definition
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Distinguishing Demand Function From Utility Function
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Race to the Bottom Definition
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Ratchet Effect Definition
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Collusion Definition
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Supply Shock Definition
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Nonfarm Payroll Definition
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How do you calculate the marginal propensity to consume?
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Compound Net Annual Rate – CNAR Definition
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What to Know About Economic Value Added (EVA)
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Sales Price Variance Definition
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Style Matters In Financial Modeling
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Supply
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Understanding Income Effect vs. Substitution Effect
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Understanding Economies of Scope vs. Economies of Scale
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Blackout Period Definition
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H-1B Visa to Green Card Backlog: Why Tech Companies Demand Change
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Understanding Perfect vs. Imperfect Competition
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How Does the Law of Supply and Demand Affect Prices?
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Economic Equilibrium Definition
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Utility Definition
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Consumer Surplus vs. Economic Surplus: What's the Difference?
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Producer Surplus Definition
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Income Effect Definition
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4 Famous Inventory Frauds You've Never Heard Of
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Normal Good Definition
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It's Not Time to Panic About Jet Fuel Prices - Yet
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Supply Curve Definition
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Diseconomies of Scale Definition
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Inelastic
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Demand Curve
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Microeconomics Definition
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What Are Economies of Scale?