Economy

Heebner Prediction Model

Heebner Prediction Model Concept: The Seven Prediction Laws Model, developed by Gilbert Heebner, retired economist from…

Marginal Propensity to Import

Marginal Propensity to Import Concept: In macroeconomics, the expression Marginal Propensity to Import designates the variation in monetary…

Marginal Rate of Substitution

Marginal Rate of Substitution Concept: Marginal Rate of Substitution (or Substitution Ratio) indicates the rate at which a consumer is…

Marginal rate of technical substitution

Marginal rate of technical substitution Concept: Marginal rate of technical substitution (or Technical Substitution Ratio) represents a rate…

Marginal Revenue

Marginal Revenue Concept: The expression Marginal Revenue (MR) designates the variation of the total revenue (TR) provoked…

Marginal Utility

Marginal Utility Concept: The expression “marginal” is a lot used in economy and can be presented as significant increase…

Money Search

Money Search Concept: Money Search by the economic agents represents the quantity of money that these want to detain…

Moral Hazard

Moral Hazard Concept: The expression moral hazard designates a kind of market failure in which the existence of an insurance…

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