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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

effect size
Effect Size
Table of Contents What is Effect Size? Understanding Effect Size Types How to Calculate Interpreting Applications Limitations Examples FAQs Effect Size: How to Calculate, Types & Examples Written by Paul Boyce Posted in Education Last Updated July 19, 2023 What is Effect Size? Effect size is a key concept in statistical analysis, often used in
exponential distribution
Exponential Distribution
Table of Contents What is Exponential Distribution? Understanding Exponential Distribution? Properties Function How to Calculate Applications Limitations Examples FAQs Exponential Distribution: How to Calculate, Properties & Examples Written by Paul Boyce Posted in Microeconomics > Production Theory Last Updated July 18, 2023 What is Exponential Distribution? The realm of statistics and probability is filled with
enron scandal
Enron Scandal
The Enron scandal refers to a major corporate fraud involving the energy company Enron Corporation, characterized by deceptive accounting practices and financial manipulation that ultimately led to its collapse.
discounted payback period
Discounted Payback Period
The discounted payback period is the length of time required for an investment to recoup its initial cost, considering the present value of future cash flows.

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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