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About 6 results
  • 5.2: Theory of Consumer Choice
    https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/5%3A_Consumer_Choice_and_Utility/5.2%3A_Theory_of_Consumer_Choice
    Budget constraints represent the plausible combinations of products and services a buyer can purchase with the available capital on hand.
  • 20.2: Assessing Growth
    https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/20%3A_Economic_Growth/20.2%3A_Assessing_Growth
    Economic growth is the increase in the market value of goods and services produced by an economy over time; the percentage rate of increase in the GDP.
  • 4.1: Consumer Surplus
    https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/4%3A_Economic_Surplus/4.1%3A_Consumer_Surplus
    In general as the price of a good increases, the quantity demanded of that good decreases.
  • 12.1.1: Defining and Measuring Inequality, Mobility, and Poverty
    https://socialsci.libretexts.org/Courses/Diablo_Valley_College/Econ_101%3A_Economics_of_Public_Issues_(Sorce)/12%3A_Poverty_and_Income_Inequality/12.01%3A_Prelude_to_Poverty_and_Economic_Inequality/12.1.01%3A_Defining_and_Measuring_Inequality_Mobility_and_Poverty
    Poverty is framed from a material possessions perspective, and is defined as lacking a certain amount to fulfill basic standards of living.
  • 21.1: Defining, Measuring, and Assessing Inflation
    https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/21%3A_Inflation/Defining_Measuring_and_Assessing_Inflation
    Inflation is an increase in average price levels.
  • 17.1: Defining and Measuring Inequality, Mobility, and Poverty
    https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/17%3A_Income_Inequality_and_Poverty/17.1%3A_Defining_and_Measuring_Inequality_Mobility_and_Poverty
    Poverty is framed from a material possessions perspective, and is defined as lacking a certain amount to fulfill basic standards of living.

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