Passive Interest Rate Concept: Passive Interest Rate designates an interest rate that banks pay for the loans that obtain in the…

Permanent Income Hypothesis Concept: According to the Permanent Income Hypothesis, created by Milton Friedman, the consumers answer in…

Product Concept The term product designates a type of specific good with characteristics of tangibility, this is, has physical existence. Resulting from this characteristic is the fact of being a good which can be transported and stored being able, for this, to be consumed in a different place and moment from the one in which […]

Production Concept Production (word etymologically derived from the Latin producere, which means “make appear” is a kind of economic phenomenon that consists in the performance of Men about Nature with the aim to obtain, through a certain productive process, goods (including products and services) necessary for their needs’ satisfaction. Said in another way, production includes […]

Productivity Concept: Productivity is an efficiency indicator of an organization or a country used a lot in economical and financial analysis and in…

Public Choice Theory Concept: Public Choice Theory is the branch of economic and politic sciences which studies the way how…

Public Development Aid consists of assistance provided by public bodies to developing countries, seeking to promote development and human rights indicators.

Quantity Theory of Money Concept: Quantity Theory of Money (also designated by Quantitative Theory of Prices) is a theory for determination of…

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…