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Featured Guide stock arrow behind empire start building representing economics Guide Economics 101

What is Economics? We deep dive and create
the ultimate guide to everything you need to know about Economics.

Latest Definitions

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Private Equity Fund Definition
Table of Contents What is a Private Equity Fund? What is Private Equity? How Private Equity Funds Work Types of Private Equity Funds Benefits of Private Equity Funds Private Equity FAQs Private Equity Fund Definition Written by Paul Boyce Posted in Finance Last Updated January 20, 2023 What is a Private Equity Fund? Equity is
Perpetuity Definition
Perpetuity Definition
In finance, perpetuity refers to the ongoing payment of a bond or security with no end date. Payments are made indefinitely.
Balance Sheet Definition
Balance Sheet Definition
The balance sheet is a key financial statement that public and private companies report on. It highlights a firm’s assets, liabilities, and equity.
Income Statement Definition
Income Statement Definition
The income statement details the firm’s revenue and expenses during a period of time. Also known as a ‘profit and loss statement’, it highlights how much the firm has sold and how much it has spent.

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Trending Definitions

What is the Gini Coefficient
What is the Gini Coefficient
Simply put, the Gini coefficient is a statistical measure used to calculate inequality within a nation. Originally thought of by Corrado Gini in 1912, it is most commonly used to measure income inequality.
Public Goods Definition
Public Goods Definition
A public good is a good whereby no individual can be excluded from benefiting from it. In other words, everyone can benefit from its use.
Externalities Definition
Externalities Definition
In economics, an externality refers to a cost or benefit that is imposed onto a third party. These can come in the form of ‘positive externalities’ — that create a benefit to a third party. Or, ‘negative externalities’ — that create a cost to a third party.
Market Failure
Market Failure
A market failure is said to occur when there is an inefficient allocation of resources. This can occur when the supply does not fully reflect demand. So there might be an undersupply or oversupply.

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Daily Definition

Social Capital /səʊʃəl kæpɪtl/

Social capital refers to the links and bonds people form through friendships and acquaintances. These links can form through friendship groups, i.e. knowing a friend of a friend. Or, they can occur through daily social interactions.

Full Definition
Budget Deficit /‘bʌdʒɪt ‘dɛfɪsɪt/

A budget deficit occurs when the government spends more than it receives through taxation. For example, if it receives $2 trillion in tax receipts, but spends $2.5 trillion on public services – it has a budget deficit of $500 billion

Full Definition
Net Present Value /nɛt ‘prɛznt ‘væljuː/

Net Present Value (NPV) is the total value of future revenues, subtracted against any cash outflows during the same period. In other words, it calculates future streams of income and brings it in line to its present value. At the same time, it also factors in outflows.

Full Definition