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Market (economics) and Outline of economics

Shortcuts: Differences, Similarities, Jaccard Similarity Coefficient, References.

Difference between Market (economics) and Outline of economics

Market (economics) vs. Outline of economics

A market is one of the many varieties of systems, institutions, procedures, social relations and infrastructures whereby parties engage in exchange. The following outline is provided as an overview of and topical guide to economics: Economics – analyzes the production, distribution, and consumption of goods and services.

Similarities between Market (economics) and Outline of economics

Market (economics) and Outline of economics have 64 things in common (in Unionpedia): Adam Smith, Alfred Marshall, Black market, Bond market, Capitalism, Carl Menger, Commodity, Commodity market, Cost, David Ricardo, Economic geography, Economic history, Economic model, Economic sociology, Economy, Externality, Factors of production, Fair trade, Feudalism, Financial market, Free market, Goods, Informal sector, Information economy, Infrastructure, Joan Robinson, Karl Marx, Labor theory of value, Labour economics, Laissez-faire, ..., Léon Walras, Marginalism, Market economy, Market failure, Market segmentation, Market structure, Marketing, Media market, Microeconomics, Minimum wage, Money, Money market, Monopolistic competition, Monopoly, Monopsony, Pareto efficiency, Perfect competition, Price, Price ceiling, Price discrimination, Public good, Resource allocation, Scarcity, Stock market, Subjective theory of value, Subsidy, Supply and demand, Tax, Trade, Trade bloc, Trust (emotion), Utility, Wage, World economy. Expand index (34 more) »

Adam Smith

Adam Smith (16 June 1723 NS (5 June 1723 OS) – 17 July 1790) was a Scottish economist, philosopher and author as well as a moral philosopher, a pioneer of political economy and a key figure during the Scottish Enlightenment era.

Adam Smith and Market (economics) · Adam Smith and Outline of economics · See more »

Alfred Marshall

Alfred Marshall, FBA (26 July 1842 – 13 July 1924) was one of the most influential economists of his time.

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Black market

A black market, underground economy, or shadow economy is a clandestine market or transaction that has some aspect of illegality or is characterized by some form of noncompliant behavior with an institutional set of rules.

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Bond market

The bond market (also debt market or credit market) is a financial market where participants can issue new debt, known as the primary market, or buy and sell debt securities, known as the secondary market.

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Capitalism

Capitalism is an economic system based upon private ownership of the means of production and their operation for profit.

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Carl Menger

Carl Menger (February 23, 1840 – February 26, 1921) was an Austrian economist and the founder of the Austrian School of economics.

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Commodity

In economics, a commodity is an economic good or service that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them.

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Commodity market

A commodity market is a market that trades in primary economic sector rather than manufactured products.

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Cost

In production, research, retail, and accounting, a cost is the value of money that has been used up to produce something or deliver a service, and hence is not available for use anymore.

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David Ricardo

David Ricardo (18 April 1772 – 11 September 1823) was a British political economist, one of the most influential of the classical economists along with Thomas Malthus, Adam Smith and James Mill.

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Economic geography

Economic geography is the study of the location, distribution and spatial organization of economic activities across the world.

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Economic history

Economic history is the study of economies or economic phenomena of the past.

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Economic model

In economics, a model is a theoretical construct representing economic processes by a set of variables and a set of logical and/or quantitative relationships between them.

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Economic sociology

Economic sociology is the study of the social cause and effect of various economic phenomena.

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Economy

An economy (from Greek οίκος – "household" and νέμoμαι – "manage") is an area of the production, distribution, or trade, and consumption of goods and services by different agents.

Economy and Market (economics) · Economy and Outline of economics · See more »

Externality

In economics, an externality is the cost or benefit that affects a party who did not choose to incur that cost or benefit.

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Factors of production

In economics, factors of production, resources, or inputs are which is used in the production process to produce output—that is, finished goods and services.

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Fair trade

Fair trade is a social movement whose stated goal is to help producers in developing countries achieve better trading conditions.

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Feudalism

Feudalism was a combination of legal and military customs in medieval Europe that flourished between the 9th and 15th centuries.

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Financial market

A financial market is a market in which people trade financial securities and derivatives such as futures and options at low transaction costs.

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Free market

In economics, a free market is an idealized system in which the prices for goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority.

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Goods

In economics, goods are materials that satisfy human wants and provide utility, for example, to a consumer making a purchase of a satisfying product.

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Informal sector

The informal sector, informal economy, or grey economy is the part of an economy that is neither taxed nor monitored by any form of government.

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Information economy

Information economy is an economy with an increased emphasis on informational activities and information industry.

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Infrastructure

Infrastructure is the fundamental facilities and systems serving a country, city, or other area, including the services and facilities necessary for its economy to function.

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Joan Robinson

Joan Violet Robinson FBA (31 October 1903 – 5 August 1983), previously Joan Violet Maurice, was a British economist well known for her wide-ranging contributions to economic theory.

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Karl Marx

Karl MarxThe name "Karl Heinrich Marx", used in various lexicons, is based on an error.

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Labor theory of value

The labor theory of value (LTV) is a theory of value that argues that the economic value of a good or service is determined by the total amount of "socially necessary labor" required to produce it, rather than by the use or pleasure its owner gets from it (demand) and its scarcity value (supply).

Labor theory of value and Market (economics) · Labor theory of value and Outline of economics · See more »

Labour economics

Labour economics seeks to understand the functioning and dynamics of the markets for wage labour.

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Laissez-faire

Laissez-faire (from) is an economic system in which transactions between private parties are free from government intervention such as regulation, privileges, tariffs and subsidies.

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Léon Walras

Marie-Esprit-Léon Walras (16 December 1834 – 5 January 1910) was a French mathematical economist and Georgist.

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Marginalism

Marginalism is a theory of economics that attempts to explain the discrepancy in the value of goods and services by reference to their secondary, or marginal, utility.

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Market economy

A market economy is an economic system in which the decisions regarding investment, production, and distribution are guided by the price signals created by the forces of supply and demand.

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Market failure

In economics, market failure is a situation in which the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.

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Market segmentation

Market segmentation is the process of dividing a broad consumer or business market, normally consisting of existing and potential customers, into sub-groups of consumers (known as segments) based on some type of shared characteristics.

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Market structure

Market structure has historically emerged in two separate types of discussions in economics, that of Adam Smith on the one hand, and that of Karl Marx on the other hand.

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Marketing

Marketing is the study and management of exchange relationships.

Market (economics) and Marketing · Marketing and Outline of economics · See more »

Media market

A media market, broadcast market, media region, designated market area (DMA), television market area, or simply market is a region where the population can receive the same (or similar) television and radio station offerings, and may also include other types of media including newspapers and Internet content.

Market (economics) and Media market · Media market and Outline of economics · See more »

Microeconomics

Microeconomics (from Greek prefix mikro- meaning "small") is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.

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Minimum wage

A minimum wage is the lowest remuneration that employers can legally pay their workers.

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Money

Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context.

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Money market

As money became a commodity, the money market became a component of the financial markets for assets involved in short-term borrowing, lending, buying and selling with original maturities of one year or less.

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Monopolistic competition

Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another (e.g. by branding or quality) and hence are not perfect substitutes.

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Monopoly

A monopoly (from Greek μόνος mónos and πωλεῖν pōleîn) exists when a specific person or enterprise is the only supplier of a particular commodity.

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Monopsony

In economics, a monopsony (from Ancient Greek μόνος (mónos) "single" + ὀψωνία (opsōnía) "purchase") is a market structure in which only one buyer interacts with many would-be sellers of a particular product.

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Pareto efficiency

Pareto efficiency or Pareto optimality is a state of allocation of resources from which it is impossible to reallocate so as to make any one individual or preference criterion better off without making at least one individual or preference criterion worse off.

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Perfect competition

In economics, specifically general equilibrium theory, a perfect market is defined by several idealizing conditions, collectively called perfect competition.

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Price

In ordinary usage, a price is the quantity of payment or compensation given by one party to another in return for one unit of goods or services.

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Price ceiling

A price ceiling is a government-imposed price control, or limit, on how high a price is charged for a product.

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Price discrimination

Price discrimination is a microeconomic pricing strategy where identical or largely similar goods or services are transacted at different prices by the same provider in different markets.

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Public good

In economics, a public good is a good that is both non-excludable and non-rivalrous in that individuals cannot be effectively excluded from use and where use by one individual does not reduce availability to others.

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Resource allocation

In economics, resource allocation is the assignment of available resources to various uses.

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Scarcity

Scarcity refers to the limited availability of a commodity, which may be in demand in the market.

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Stock market

A stock market, equity market or share market is the aggregation of buyers and sellers (a loose network of economic transactions, not a physical facility or discrete entity) of stocks (also called shares), which represent ownership claims on businesses; these may include securities listed on a public stock exchange as well as those only traded privately.

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Subjective theory of value

The subjective theory of value is a theory of value which advances the idea that the value of a good is not determined by any inherent property of the good, nor by the amount of labor necessary to produce the good, but instead value is determined by the importance an acting individual places on a good for the achievement of his desired ends.

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Subsidy

A subsidy is a form of financial aid or support extended to an economic sector (or institution, business, or individual) generally with the aim of promoting economic and social policy.

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Supply and demand

In microeconomics, supply and demand is an economic model of price determination in a market.

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Tax

A tax (from the Latin taxo) is a mandatory financial charge or some other type of levy imposed upon a taxpayer (an individual or other legal entity) by a governmental organization in order to fund various public expenditures.

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Trade

Trade involves the transfer of goods or services from one person or entity to another, often in exchange for money.

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Trade bloc

A trade block is a type of intergovernmental agreement, often part of a regional intergovernmental organization, where barriers to trade (tariffs and others) are reduced or eliminated among the participating states.

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Trust (emotion)

In a social context, trust has several connotations.

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Utility

Within economics the concept of utility is used to model worth or value, but its usage has evolved significantly over time.

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Wage

A wage is monetary compensation (or remuneration, personnel expenses, labor) paid by an employer to an employee in exchange for work done.

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World economy

The world economy or global economy is the economy of the world, considered as the international exchange of goods and services that is expressed in monetary units of account (money).

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The list above answers the following questions

Market (economics) and Outline of economics Comparison

Market (economics) has 251 relations, while Outline of economics has 611. As they have in common 64, the Jaccard index is 7.42% = 64 / (251 + 611).

References

This article shows the relationship between Market (economics) and Outline of economics. To access each article from which the information was extracted, please visit:

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