Economics

Items

• lender

  An entity, like a bank or individual, that provides funds (money or property) to a borrower for a specific period, usually with the understanding that the funds will be repaid with interest or a fee.
• lending institution

  A type of financial institution, can be a bank, credit union, or any other organization that provides loans or extends credit.
• letter of credit

  A financial instrument used in international trade that guarantees payment from a buyer to a seller
• liquidate/dissolve

  To convert assets into cash, especially in the context of selling off a business or investments to pay off debts or distribute assets.
• liquidation/dissolution

  The process of converting assets into cash, typically when a business ceases operations or becomes insolvent.
• liquidity

  The ease and speed with which an asset can be converted into cash without a significant loss in its value.
• listing

  A company's shares being formally admitted to a stock exchange, enabling public trading.
• macroeconomics

  The study of the overall economy, focusing on large-scale phenomena like inflation, unemployment, and economic growth.
• marginal

  The impact of a very small change, like the addition of one more unit of a good or service, on total costs, benefits, or utility.
• marginal cost

  The change in total cost when an additional unit of a product or service is produced.
• marginal product

  The additional output produced by adding one more unit of a specific input, while holding all other inputs constant.
• marginal revenue

  The extra revenue a company earns by selling one more unit of a product or service.
• market

  Mechanism or system (a place, which can be real or virtual) where buyers and sellers interact to exchange goods and services.
• market equilibrium

  A state where the supply of a good or service equals its demand, resulting in a stable price.
• market forces

  Factors that drive supply and demand, ultimately determining prices and quantities in a market.
• mass production

  The manufacturing of a large quantity of a standardized product using automated processes and division of labour, often on an assembly line.
• merger

  The combination of two or more companies into a single entity, resulting in a larger, new company.
• merit goods

  Goods that the government deems beneficial for society and may provide, even if individuals don't demand it on their own.
• microeconomics

  The branch of economics that studies the individual decisions of households and firms, and how these decisions impact the supply and demand for goods and services in specific markets.
• middleman

  An intermediary that facilitates transactions between buyers and sellers, typically for a fee or commission.
• minimum wage

  The lowest hourly wage rate that employers can legally pay workers.
• mixed economic systems

  Combines elements of both market and command economies, allowing for private ownership and enterprise while also involving government intervention to achieve social goals.
• monetary policy

  A macroeconomic tool used by central banks to manage the money supply and credit conditions in an economy, primarily to influence aggregate demand and achieve macroeconomic objectives like price stability (low and stable inflation) and full employment.
• money

  Medium of exchange, a unit of account, and a store of value.
• money market

  A market where short-term debt instruments, typically with maturities of less than one year, are traded.