Economic Terms

DEFINITION Stagflation is when there’s high inflation during a time of slow economic growth. Stagflation is a problem for policymakers,…

DEFINITION The Phillips Curve shows the relationship between unemployment and inflation. The graph shows that unemployment is lower when inflation…

Profit margin is the ratio of sales minus expenses divided by revenue. Profit margin ratio is a comparison of…

In economics, demand is the desire and ability of a consumer to buy a product or service. Demand is…

The U.S. Securities and Exchange Commission is a federal organization that oversees U.S. Stock Market. The SEC has greatly reduced the chances…

“Per capita ” means “per person.” In statistics, business, and economics, this term is used to describe an average per…

A derivative is an investment contract that gets its value from the underlying asset. The buyer agrees that he…

DEFINITION Ceteris Paribus, a Latin expression that means “all things being equal,” is used to explain the theory…

DEFINITION Racketeering involves using force, fraud or intimidation in order to earn money. This includes organizing, managing or running an…

Life is expensive. The average person requires certain items and services to maintain a standard lifestyle. The Bureau of Labor…