[hemant1]

(Original post by nerimon18)
Utility

Total revenue - I haven't really revised a definition but
The total in which a firm makes.

[Nextmove]

(Original post by nerimon18)
Utility

Transfer Payment - A payment for which there is no corresponding output.

[Tateco]

(Original post by nerimon18)
Utility

- the satisfaction gained from the consumption of a good

Tax - a cost imposed by the government on 'things' to discourage consumption and increase government revenue

[Nextmove]

(Original post by tateco)
- the satisfaction gained from the consumption of a good

Tax - a cost imposed by the government on 'things' to discourage consumption and increase government revenue

Aggregate demand - Total demand in an economy

[MrEboueEmmanuel]

(Original post by tateco)
- the satisfaction gained from the consumption of a good

Tax - a cost imposed by the government on 'things' to discourage consumption and increase government revenue

Average cost-total cost divided by quantity

[hemant1]

(Original post by Nextmove)
Aggregate demand - Total demand in an economy

Negative externality

Some1 gimmie a definition :l

[Tateco]

(Original post by MrEboueEmmanuel)
Average cost-total cost divided by quantity

Subsidy - a payment from a government to a producer ultimately to lower production costs

[hemant1]

(Original post by MrEboueEmmanuel)
Average cost-total cost divided by quantity

Scarcity- unlimited wants compared to limited needs with finite resources.

[hemant1]

(Original post by tateco)
Subsidy - a payment from a government to a producer ultimately to lower production costs

Derived demand

Need a definition for this as well :l

[MrEboueEmmanuel]

(Original post by hemant1)
Scarcity- unlimited wants compared to limited needs with finite resources.

Total profit- Total revenue - total cost

[Tateco]

(Original post by hemant1)
Derived demand

Need a definition for this as well :l

Nominal GDP increase - Increase in GDP without taking out inflation

[mel3]

(Original post by MrEboueEmmanuel)
Total profit

Interest rate - the cost of borrowing money

[hemant1]

(Original post by mel3)
Interest rate

Time lagg= Time taken to do something

[Tateco]

(Original post by MrEboueEmmanuel)
Total profit- Total revenue - total cost

Investment - spending on capital that can be used repeatedly and continuously over several years to produce output

[Tateco]

(Original post by hemant1)
Time lagg= Time taken to do something

Government spending - money spent by the government on the economy which is a component of aggregate demand

[joshgoldman]

(Original post by tateco)
Investment - spending on capital that can be used repeatedly and continuously over several years to produce output

Non-excludable goods - the goods cannot be confined to those who have paid for it.

[hemant1]

(Original post by joshgoldman)
Non-excludable goods - the goods cannot be confined to those who have paid for it.

Demand=Amount bought at a certain price+time period

[Tateco]

(Original post by joshgoldman)
Non-excludable goods - the goods cannot be confined to those who have paid for it.

Life-cycle hypothesis - how spending changes over a life time and how it can influence the consumption of an economy

edit: My bad, didn't read the good bit, ah well, at least it brings the letter I into the game :P

[Nextmove]

(Original post by joshgoldman)
Non-excludable goods - the goods cannot be confined to those who have paid for it.

Demand Deficient unemployment - When there's not sufficient demand in an economy to generate more jobs.

Took a while but the D's are hard now. Hope that ones right couldn't explain it shorter than that.

[MrEboueEmmanuel]

(Original post by tateco)
Life-cycle hypothesis - how spending changes over a life time and how it can influence the consumption of an economy

edit: My bad, didn't read the good bit, ah well, at least it brings the letter I into the game :P

Injection- Injection of money into an economy in the form of government spending, exports and investment.