Author: Taylor Emma

A senior editor for The Mars that left the company to join the team of SenseCentral as a news editor and content creator. An artist by nature who enjoys video games, guitars, action figures, cooking, painting, drawing and good music.

General Concepts

Determinants of demand

There are many factors other than price that can affect the level of quantity demanded. This defines demand…

August 31, 2021 · Taylor Emma

General Concepts

Production Possibility Curve (PPC)

In economics, a production–possibility curve (PPC), is also called a production–possibility frontier (PPF), production-possibility boundary or product transformation…

August 31, 2021 · Taylor Emma

General Concepts

Nature of Economics

Nature of economics refers to whether economics is a science or art or both, and if it is…

August 31, 2021 · Taylor Emma

General Concepts

Money Management and Budgeting

Introduction Definitions and Basics ●      How to build your first budget, at MSN.com. ●      Angelica Trummell, 22, just graduated from…

August 31, 2021 · Taylor Emma

General Concepts

Technology

Introduction Definitions and Basics ●      Technology, at Dictionary.com ●      Technology: ○    1. the branch of knowledge that deals with the creation…

August 31, 2021 · Taylor Emma

General Concepts

Consumers

Introduction Definitions and Basics ●      Consumer, from Answers.com ●      Consumer: ●      1. One that consumes, especially one that acquires goods or…

August 31, 2021 · Taylor Emma

General Concepts

Producers

Introduction ●      A producer is someone who creates and supplies goods or services. Producers combine labor and capital—called factor…

August 31, 2021 · Taylor Emma

General Concepts

Entrepreneurs

Introduction ●      An entrepreneur is someone who starts up a business. It could be anything from making and selling…

August 31, 2021 · Taylor Emma

General Concepts

Compound Interest

Introduction Definitions and Basics ●      Interest, from the Concise Encyclopedia of Economics ●      Interest is the price people pay to have…

August 31, 2021 · Taylor Emma

General Concepts

Credit

Introduction Definitions and Basics ●      Credit, from Dictionary.com ●      Definition: credit: ○    5. confidence in a purchaser’s ability and intention to…

August 31, 2021 · Taylor Emma