The typical price for a commodity good.

The system of fixed exchange rates, abandoned in the Great Depression, by which the value of a currency was defined […]

Producing less value than one is capable, while simultaneously appearing as though one is working diligently.

The period of high productivity growth, high employment, and low and stable inflation extending from the end of the Second […]

An attractive package (typically a bonus, or stock options) that are offered to a senior employee as an incentive to […]

A golden share in a company is able to outvote all other shares in a specified circumstance.

The point at which output equals the aggregate demand for goods produced in the home economy. The economy will continue […]

The portion of the value that a firm possesses but is not attributable to a tangible good. Such measures are […]

Marginal utility trends lower as quantity increases.

Consumers will spend such that the marginal utility (relative to price) of each item purchased will be equal.