Economy

Absolute Advantage

Absolute Advantage Concept It’s said that a country has an absolute in the production of a certain good if it’s more efficient in the production of that same good, this is if it can produce bigger quantity for each factor unit of the production used. However, according to the Comparative Advantage Law, developed by David […]

Active Interest Rate

Active Interest Rate Concept: Active Interest Rate refers to the interest rate charged by the banks for the money lent to their clients. Designates by…

Adam Smith

Adam Smith Biography Considered the father of modern economy, Adam Smith was born in Scotland, probably in 1723, having deceased in 1790. His book “The Wealth of Nations”, edited in 1776, was and continues to be a book of reference for all economists. Before this book, in 1759, Adam Smith had already published the book […]

Added Value

Added Value Concept: In economy, the expression added value designates the difference between the value of produced goods and the costs of…

Antitrust Sherman Act

Sherman Act Presentation: The Sherman Act (or Sherman Anti-Trust Act) is one of the North American anti-trust laws. Despite the…

Assets

Assets Concept: Assets is an accountancy concept that represents the group of all goods and rights, tangible or intangible, held by a certain individual or…

Available Income

Available Income Concept: Available Income corresponds to the income which the overall families of a certain economy have available to…

Budget Restriction

Budget Restriction Concept: The expression Budget Restriction designates a group of goods’ combinations possible to be consumed by a certain consumer…

Coase Theorem

Coase Theorem Concept: Coase Theorem (that in reality is a vision/confirmation and not a theorem) was formulated by Ronald Coase…

Comparative Advantages

Comparative Advantages Concept: It’s said that a country has a comparative advantage (or relative advantage) in the production of a certain good if…

 

 

Knoow - a divulgar conhecimento pelo mundo

Flag Counter