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

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

Income Concept: The term income designates a remuneration or group of remunerations of any economic agent in counterpart for the…

Isocost Line Concept: Isocost is a straight line drawn on a graphic in which each one of the axis corresponds to one of…

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

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

Presentation of the American Federal Reserve: American Federal Reserve or Federal Reserve System (also known as “Fed”) is the United States of America central bank…

Resource Concept: In economy, the term resource designates all goods used in the production of other goods being able, for…