Business Models
The way that businesses capture value.Goods
The different types of value that are created by businesses.Efficiency
The output created for a unit of input.Productivity
The output created for an hour worked.Capital
Tangible and intangible things that are expected to create future value. For example, machines and talent.Competition
Competition in areas such as cost, quality and customer experience and related concepts such as competitive advantage, economies of scale and commoditization.Business Cycles
Business cycles such as a period of high prices and capital investment followed by a period of low prices and industry decline.Pricing
Modeling pricing with supply and demand and concepts such as sticky prices.Promotion
Models for marketing communication such as attention economics and six degrees of separation.Distribution
Economics related to the sales and delivery of products and services such as economies of density.Sustainability
Foundations for improving quality of life and reducing environmental damage such as the idea of common goods and tragedy of the commons.| Overview: Business Economics | ||
Type | ||
Definition | The application of economics to business. | |
Related Concepts | ||
