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The Economics Game

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Reply 60
Avatar for Tateco
Tateco
14
Original post by milkytea
Turnover - Total revenue accumulated by a business over a certain time


Regional policy- aims to reduce structural unemployment by providing incentives for firms to move into the area
Original post by Swayum
Diamond-Dyvbig Banking Model - a model to explain why there are bank runs


Liquidity - a measure of how easily an asset can be spent/cashed in.
EDIT - Too late.
Demerit good- a good which is overprovided by the mechanism
Reply 63
Avatar for Groat
Groat
OP
13
Original post by Swayum
Diamond-Dyvbig Banking Model - a model to explain why there are bank runs


Your terms are awesome. :eek:

Land - natural resources in an economy (a factor of a production).
Reply 64
Avatar for Swayum
Swayum
18
Original post by tateco
Thatcherism - supply side policies and reduced involvement of the government


Malthusian Growth Model - a model of economic growth that says the growth rate of population is solely a function of consumption.
Reply 65
Avatar for yunghamz
yunghamz
Original post by nerimon18
Demerit good- a good which is overprovided by the mechanism


Deflation - Fall in the general price level.
Market failure- when the price mechanism causes an inefficient allocation of resources.
Original post by tateco
Thatcherism - supply side policies and reduced involvement of the government


Monopolistic competition-A form of market structure, examples include hairdressers and local shops.
Reply 68
Avatar for Tateco
Tateco
14
Original post by MrEboueEmmanuel
Monopolistic competition-A form of market structure, examples include hairdressers and local shops.


Net exports - exports minus imports

(thank god for the word net, by the way we've had de-merit good about 5 times already! :wink: )
Reply 69
Avatar for Groat
Groat
OP
13
Original post by MrEboueEmmanuel
Monopolistic competition-A form of market structure, examples include hairdressers and local shops.


Nominal GDP - output measured in current prices, not adjusted according to inflation.
Reply 70
Avatar for Groat
Groat
OP
13
Original post by ColdVein
Nash Equilibrium


Market failure - where a free market mechanism fails to allocate resources efficiently.
Labour immobility- the difficulty to move from one job to another both geographically and occupationally.
Reply 72
Avatar for Nextmove
Nextmove
Original post by tateco
Net exports - exports minus imports

(thank god for the word net, by the way we've had de-merit good about 5 times already! :wink: )


Saving - Money earned which isn't spent.
Reply 73
Avatar for Tateco
Tateco
14
Original post by Groat
Nominal GDP - output measured in current prices, not adjusted according to inflation.


Protectionism - a policy adopted by domestic governments to protect local firms
Reply 74
Avatar for Tateco
Tateco
14
Original post by Nextmove
Saving - Money earned which isn't spent.


Geographical immobility - when the labour market fails due to skills being in the wrong areas (or too focused in one area), an example of structural unemployment
Reply 75
Avatar for hemant1
hemant1
11
Gold- It's a Commodity :biggrin:
Original post by tateco
Protectionism - a policy adopted by domestic governments to protect local firms


Market capitalisation - the market value of a company's shares (share price * number of shares).
Reply 77
Avatar for Groat
Groat
OP
13
Original post by hemant1
Gold- It's a Commodity :biggrin:


Direct tax. :colondollar:
Reply 78
Avatar for Tateco
Tateco
14
Why does everything in economics end in a d, y or n :s-smilie:
Reply 79
Avatar for Tateco
Tateco
14
Original post by Groat
Direct tax. :colondollar:


X-inefficiency - efficiency isn't achieved due to lack of competitive pressure

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