[Nextmove]

Guys! Don't just say the words write the definitions as well otherwise the game dies!

[XIII]

(Original post by MrEboueEmmanuel)
Lorenz curve- graphical representation of the proportionality of a distribution.

Endogeneity - the bane of just about any empirical economic research... otherwise known as the problem in an economic model when a covariate(s) is correlated with the error term.

[Nextmove]

(Original post by tateco)
Revenue

Education - A supply side measure to shift the LRAS to the right.

[Tateco]

(Original post by MrEboueEmmanuel)
Lorenz curve- graphical representation of the proportionality of a distribution.

Export-led growth - growth fuelled by increasing exports

[Groat]

(Original post by tateco)
Revenue

Elastic.

[Tateco]

(Original post by Nextmove)
Education - A supply side measure to shift the LRAS to the right.

Notation - a short-hand way of writing unusually long words like aggregate-supply, a method which is often adopted in economics

[Nextmove]

(Original post by Groat)
Elastic.

Consumption - The amount of goods brought in an economy

[Nextmove]

(Original post by tateco)
Notation - a short-hand way of writing unusually long words like aggregate-supply, a method which is often adopted in economics

Hey! That doesn't count cheater!

[MrEboueEmmanuel]

(Original post by Groat)
Elastic.

Cross elasticity of demand-Measures the responsiveness of the demand of a good or service to a change in price of another good or service.

[Tateco]

(Original post by Groat)
Elastic.

Cost - the value of the alternative

[ArsLongaVitaBrevis]

(Original post by Nextmove)
Consumption - The amount of goods brought in an economy

Natural monopoly - when a monopoly arises because it is more efficient for one company to provide a good/service than for more than one to do so.

[Swayum]

(Original post by Groat)
Elastic.

Coase Theorem - distribution of property rights has no effect if parties can negotiate, you'll always get an efficient outcome.

[milkytea]

(Original post by tateco)
Cost - the value of the alternative

Turnover - Total revenue accumulated by a business over a certain time

[Tateco]

(Original post by Nextmove)
Hey! That doesn't count cheater!

That's where trying to be funny gets me :/

Net investment - gross investment with depreciation subtracted

[Groat]

(Original post by Swayum)
Coase Theorem - distribution of property rights has no effect if parties can negotiate.

Merit good - a good that has more private benefits than consumers realise.

[ArsLongaVitaBrevis]

(Original post by Groat)
Merit good - a good that has more private benefits than consumers realise.

Deficit - where spending exceeds revenue.

[ilovedubstep]

demerit good - a good that is more harmful for consumers than they realise.

[Tateco]

(Original post by ArsLongaVitaBrevis)
Deficit - where spending exceeds revenue.

Thatcherism - supply side policies and reduced involvement of the government

[Swayum]

(Original post by ilovedubstep)
demerit good - a good that is more harmful for consumers than they realise.

Diamond-Dyvbig Banking Model - a model to explain why there are bank runs

[Nextmove]

(Original post by tateco)
Thatcherism - supply side policies and reduced involvement of the government

There are like 3 answers to that but they all end in Y so I cant use them. Otherwise it'll be game over! hmmm...