Economics

Items

• employment

  The state or act of an individual hired by an organization or employer to perform specific tasks, services, or responsibilities, in exchange for a salary, hourly wage, or other forms of compensation.
• entrepreneur

  A person who sets up a business or businesses, taking on financial risks in the hope of profit.
• equilibrium

  A state of balance where opposing forces within a system are equal, leading to a stable state.
• equilibrium price

  The price at the point where the quantity of a good or service that producers are willing to supply equals the quantity that consumers are willing to buy.
• equilibrium quantity

  The unit(s) at the point where the amount of a good or service that consumers are willing to buy precisely matches the amount that producers are willing to sell (quantity supplied) at an equilibrium price.
• exchange rate policy

  The decisions a country makes about how its currency's value against other currencies is determined.
• exchange value

  Amount of one thing that can be exchanged for another, typically measured in terms of money, but also encompassing other forms of value. It's the price of a good or service, influenced by factors like supply, demand, and utility.
• expenditure

  The total amount of money spent by a government, organization, or individual on goods and services.
• explicit costs

  Out-of-pocket payments a business makes for resources it uses, like wages, rent, or supplies.
• exploit

  To unfairly take advantage of someone or a group for one's own benefit, often in a way that creates an unjust or unequal exchange.
• factors of production

  The inputs used to produce goods and services.
• factory

  A large-scale industrial building or facility where goods are manufactured using machinery and other processes.
• fair price

  A price that both the buyer and seller perceive as reasonable and just.
• fall back pay

  Payment for work done in the past where payment was not made at the time work was performed
• fall out of bed

  A sudden and significant drop in the price of a stock usually due to negative news or events.
• featherbedding

  Labour union practices where employers are forced to pay for unnecessary work or to employ workers who are not needed, potentially leading to increased costs and reduced productivity.
• financial institution

  Company or entity that facilitates financial transactions, transferring funds between savers and borrowers.
• financial statement

  A formal record summarizing a company's financial performance and position, providing a snapshot of its financial health.
• financier

  A person, company, or government that provides capital or funds for projects or businesses.
• fine tuning

  Making small, precise adjustments to economic policies, like monetary or fiscal policies, to manage aggregate demand and prices.
• firm

  A business organization that produces and sells goods or services to generate a profit.
• first line management

  The bottom management level within an organization.
• fiscal period

  The 12-month period used by governments and organizations to budget, track revenue and expenditures, and report their financial performance.
• fiscal policy

  The government's use of its spending and taxation powers to influence the economy.
• fixed capital

  The long-term assets, such as buildings, machinery, and equipment, that are used repeatedly in production processes.