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Economics is the science of value creation and distribution. The following are examples of topics in economics.Supply & DemandThe supply and demand for goods at different prices. These are basic forces that are used to model production, prices and behavior.Competition in markets that explains things like prices and quality improvement.Market FailureInefficient markets such as a monopoly that artificially raises prices and decreases quality.Monetary & Fiscal PolicyInterest rates, money supply and government spending and its impact on growth, unemployment and inflation.
Tangible things such as machines and intangible elements such as human talent that are expected to create value in the future. For example, a business cycle where an industry invests in capital when prices are high causing prices to fall and capital investment to cease.Government PolicyThe impact of taxes, regulations and government services such as education and healthcare. For example, competition tends to breakdown without laws governing monopolies and anti-competitive behavior.Environmental and social problems can be modeled in economics using foundations such as common goods and quality of life.|
Type | | Definition | The science of value creation and distribution. | Related Concepts | |
Economics
This is the complete list of articles we have written about economics.
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Everyday examples of economics.
The definition of comparative advantage with examples.
The definition of supply with examples.
An overview of supply and demand with examples.
Common examples of demand in economics.
The common types of shrinkflation.
The definition of quality bias with examples.
The five common definitions of value with an example.
An overview of economic scale with examples.
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A list of interesting business theories.
A definition of knowledge work with examples.
A list of social processes, absurdities and strategies related to office politics.
A guide to product development.
The differences between types of knowledge.
An overview of the trough of sorrow.
A list of common business models.
A list of key marketing strategies.
A few sources of competitive advantage for businesses.
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