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Latest Definitions

Perfect Competition graph
Perfect Competition: Definition, Examples & Characteristics
Perfect Competition is a type of market structure. In short, perfect competition is a market structure whereby there are many firms that sell a similar product.
What is Fiscal Policy
Fiscal Policy: Definition, Tools & Objectives
Fiscal policy refers to governments spending and taxation. So how much income it has coming in through taxes, and how much it has going out through spending.
Principal Agent Problem Definition
Principal Agent Problem: Definition, Examples & Solutions
The Principal Agent Problem occurs when there is a conflict in interest between ‘the principal’, and ‘the agent’.
The Multiplier Effect Definition
The Multiplier Effect: Definition, Formula & Example
The multiplier effect refers to how an initial injection of money into the circular flow of income can stimulate economic activity in excess of the initial investment.

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In The Spotlight

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Feature What Is Economics?

Economics 101, the Boycewire guide to everything economics. Let us guide you through Economics from start to finish.

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Feature What Causes Inflation?

Boycewire explores inflation including causes and effects. Let’s explore in detail everything inflation related.

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Feature Guide To Market Failure

Our complete guide to market failure. From the definition, causes and examples plus everything you need to know about market failure.

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Crypto Worth The Risk?

A detailed look at whether the ever controversial world of cryptocurrency still delivers the rewards.

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What is Common Stock?

A straight forward explainer into “Common Stock”. Boycewire explores, in-depth the financial asset.

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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