Definition of Expansionary Monetary Policy Expansionary monetary policy is a form of macroeconomic monetary policy that seeks to amplify economic growth and aggregate demand. In
Inflation Definition Inflation is the sustained increase of the price level. The rate of inflation is the change in general price levels over a period.
Diseconomies of Scale Definition Diseconomies of scale are the product of decreasing returns to scale. In other words, they happen when a business grows to
Capitalism Definition Capitalism is an economic system in which private individuals and/or companies own the four factors of production. (The four factors are land, capital,
Perfect Competition Definition Perfect competition or pure competition (sometimes abbreviated to PC) is a type of market structure. It is important to note that this
Demographic Transition Model Definition The demographic transition model (DTM) shows shifts in the demographics of a population during economic and social development. This transition is