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Economics

Boycewire was founded with the goal of becoming the number one resource in economics and
finance. From eductation and news to advice and guidance, Boycewire is dedicated and passionate
about delivering the latest and most detailed information to all of our million plus readers.

Latest Definitions

FICO score
Fico Score
A FICO score is a numerical representation of an individual’s creditworthiness, calculated based on factors such as payment history, credit utilization, and length of credit history.
Demographics
Demographics
Demographics refers to the statistical characteristics and trends of human populations, providing insights into factors such as age, gender, race, education, income, and geographic distribution.
checks and balances
Checks and Balances
Checks and balances is a system that prevents the concentration of power by distributing and restraining the authority among different branches or entities.
Quantity Demanded
Quantity Demanded
Quantity demand refers to the specific amount of a good or service that consumers are willing and able to purchase at a given price and within a particular time period.

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In The Spotlight

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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