Resource Allocation

100Resource Allocation is the assignment of available resources to various uses. In the context of an entire economy, resources can be allocated by various means, such as markets or central planning. In project management, resource allocation or resource management is the scheduling of activities and…

Price Skimming

100Price Skimming is a pricing strategy in which a marketer sets a relatively high price for a product or service at first, then lowers the price over time. It is a temporal version of price discrimination/yield management. It allows the firm to recover its sunk…

Triple Bottom Line

100Triple Bottom Line (or otherwise noted as TBL or 3BL) is an accounting framework with three parts: social, environmental (or ecological) and financial. Many organizations have adopted the TBL framework to evaluate their performance in a broader perspective to create greater business value. The term…

Rational Expectations

100In financial matters, “Levelheaded Expectations” are model-steady desires, in that specialists inside the model by and large accept the model’s forecasts are substantial. Objective desires guarantee inward consistency in total stochastic models. To get consistency inside a model, the forecasts without bounds estimation of financially…

Subjective Theory of Value

100The Subjective Theory of Value is a theory of value which advances the idea that the value of a good is not determined by any inherent property of the good, nor by the amount of labor necessary to produce the good, but instead value is…

Thomas Southcliffe Ashton Eonomic Historian

000Thomas Southcliffe Ashton (1889–1968) was an English economic historian. He was professor of economic history at the London School of Economics at the University of London from 1944 until 1954, and Emeritus Professor until his death in 1968. His best known work is the 1948…

Network Effect

000In financial aspects and business, a Network Effect (likewise called system externality or interest side economies of scale) is the impact that one client of a decent or administration has on the estimation of that item to other individuals. At the point when a system…

Returns to cale

000In financial aspects, Returns to Scale and economies of scale are connected however diverse terms that portray what happens as the size of creation increments over the long haul, when all information levels including physical capital utilization are variable (picked by the firm). The term…

Media Market

000A Media Market, broadcast market, media region, designated market area (DMA), television market area, or simply market is a region where the population can receive the same (or similar) television and radio station offerings, and may also include other types of media including newspapers and…

The Experience Economy

000The Experience Economy was initially depicted in an article distributed in 1998 by B. Joseph Pine II and James H. Gilmore, titled “The Experience Economy”. In it they depicted the experience economy as the following economy taking after the agrarian economy, the mechanical economy, and…

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