Economic CostsEconomic costs are implicit costs plus explicit costs. |
Economic EffectsEconomic effects refer to the economic benefits and disadvantages between sectors of the economy as a result of inflation. |
Economic GoodsEconomic goods are goods that fetch a price. |
Economic GrowthEconomic growth refers to an expansion in the productive economy. |
Economic PrincipleThe economic principle encompasses a wide variety of economic laws and theories that define or explain how an economy attempts to satisfy the unlimited demand in the marketplace with a finite supply of resources available to do so. |
Economic ProfitEconomic profit is the result of total revenue minus explicit costs minus implicit costs. |
Economic Value Added (EVA)In corporate finance, as part of fundamental analysis, economic value added is an estimate of a firm's economic profit, or the value created in excess of the required return of the company's shareholders. EVA is the net profit less the capital charge for raising the firm's capital. |
EconomicsEconomics is the study of how man attempts to satisfy his unlimited wants and needs by way of limited resources. This relative scarcity of resources implies the existence of cost and the need for choice. |
Economies of DensityIn microeconomics, economies of density are cost savings resulting from spatial proximity of suppliers or providers. Typically higher population densities allow synergies in service provision leading to lower unit costs. |
Economies of ScopeEconomies of scope are "efficiencies formed by variety, not volume". In economics, "economies" is synonymous with cost savings and "scope" is synonymous with broadening production/services through diversified products. |