Startup costs that would be incurred when a seller enters a market or an industry. These would usually include the […]

Tending to move in the opposite direction to aggregate output and employment over the business cycle.

Cost per inquiry

Cost per order

Central Processing Unit. The heart of a mainframe.

Joseph Schumpeter’s name for the process by which old technologies and the firms that do not adapt are swept away […]

Creativity is defined as the tendency to generate or recognize ideas, alternatives, or possibilities that may be useful in solving […]

A credit limit is the maximum value of goods or services a business will supply a customer before payment must […]

A firm which collects information to calculate the credit-worthiness of individuals or companies, and sells the resulting rating for a […]

The process by which those with less wealth borrow on unfavourable terms, compared to those with more wealth.