Economists – Page 3 – itho's internet resources

Command Economy Explained: Definition, Characteristics, and Functionality

By Itho November 1, 2010

[ad_1] What Is a Command Economy? A command economy, or planned economy, is a system where a central governmental authority controls the production levels and pricing for goods and services,…

Understanding Disguised Unemployment: Key Concepts and Types

By Itho October 11, 2010

[ad_1] What Is Disguised Unemployment? Disguised unemployment occurs when labor force members are engaged in jobs but produce minimal or zero productivity, meaning their output does not influence the economy’s…

Data Smoothing: Definition, Uses, and Methods

By Itho September 25, 2010

[ad_1] What Is Data Smoothing? Data smoothing is done by using an algorithm to remove noise from a data set. This allows important patterns to more clearly stand out. Data…

Deadweight Loss of Taxation: Definition, How It Works, and Example

By Itho September 14, 2010

[ad_1] What Is Deadweight Loss of Taxation? Deadweight loss of taxation refers to the measurement of loss caused by the imposition of a new tax. It results when a…

Development Economics: Key Concepts and Theories Explained

By Itho August 26, 2010

[ad_1] What Is Development Economics? Development economics is a branch of economics that focuses on improving fiscal, economic, and social conditions in developing countries. Development economics considers factors such as health,…

Coase Theorem: Economics, Law, and Practical Applications

By Itho July 14, 2010

[ad_1] What Is the Coase Theorem? The Coase Theorem, formulated by economist Ronald Coase, articulates a key principle in economics and law concerning property rights. It posits that in…