General Concepts
Government Budget Deficits and Government Debt
Introduction Definitions and Basics ● Government Debt and Deficits, from the Concise Encyclopedia of Economics ● Government debt is the stock…
August 31, 2021 · Taylor EmmaAuthor: 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
Government Failures, Rent Seeking, and Public Choice
Introduction Definitions and Basics ● Rent Seeking, by David R. Henderson, from the Concise Encyclopedia of Economics ● “Rent seeking” is…
August 31, 2021 · Taylor EmmaGeneral Concepts
Market Failures, Public Goods, and Externalities
Introduction Definitions and Basics ● Definition: Market failure, from Answers.com ● An economic term that encompasses a situation where, in any…
August 31, 2021 · Taylor EmmaGeneral Concepts
Roles of Government
Introduction Definitions and Basics ● Public Goods and Externalities, from the Concise Encyclopedia of Economics ● Most economic arguments for government…
August 31, 2021 · Taylor EmmaGeneral Concepts
Fiscal Policy
Definitions and Basics ● Fiscal Policy, from the Concise Encyclopedia of Economics ● Fiscal policy is the use of government spending…
August 31, 2021 · Taylor EmmaGeneral Concepts
Income Inequality
Definitions and Basics ● Robert Frank on Inequality , podcast on EconTalk. November 15, 2010 ● Robert Frank of Cornell University…
August 31, 2021 · Taylor EmmaGeneral Concepts
Profit
Introduction ● Profits, from the Concise Encyclopedia of Economics ● Capitalists earn a return on their efforts by providing three productive…
August 31, 2021 · Taylor EmmaGeneral Concepts
Income Distribution
Introduction ● Income distribution refers to four different topics in economics. See also the related College Economics Topic, Income Inequality.…
August 31, 2021 · Taylor EmmaGeneral Concepts
Economic Development
Introduction Definitions and Basics ● Third World Economic Development, from the Concise Encyclopedia of Economics ● The development experiences of Third World…
August 31, 2021 · Taylor EmmaGeneral Concepts
Productivity
Introduction Definitions and Basics ● Productivity, from the Concise Encyclopedia of Economics ● Productivity—the amount of output per unit of input—is a…
August 31, 2021 · Taylor Emma