Browsing Category
Economic Terms
23 posts
What is Laissez-Faire Economic Theory (LFE)?
Laissez faire economics restricts the government’s intervention in the economy. The theory holds that an economy’s strength is when the…
What is black friday?
Black Saturday occurs the day following Thanksgiving. Retailers offer steep discounts during this annual shopping day to kick-off the holiday…
What is a bear market?
DEFINITION A Bear Market is when the broad market price falls at least 20% over a period of a few…
What is Financial Capital?
DEFINITION Financial Capital is money and credit or other sources of funding used to build wealth. The Key Takeaways…
What is volatility?
DEFINITION Volatilityis a measure of the frequency and amount of price fluctuations. It measures the amount of volatility and…
Black Tuesday: Its Causes, and How it Kickstarted the Depression
Black Tuesday was the last and fourth day of the 1929 stock market crash. It happened on October 29,…
What is Universal Basic Income (UBI)?
DEFINITION Universal basic income is a proposed government-guaranteed payment that each citizen receives. The purpose of the universal basic income…
What is a welfare program?
Welfare Programs are government-funded subsidies for families and individuals with low income. Welfare Programs: Definition and examples Welfare programs…
What is elastic demand?
Elastic Demand is when the price of an item or service has an impact on consumer demand. Consumers will purchase…
Profit as the motive for capitalism
Profit is the remaining revenue after all costs have been paid. These costs include materials, labor, interest on loans,…