Search results for keyword: marsh
The marginal conversion rate of the product
Marginal Rate of Transformation
The marginal rate of transformation (MRT) is a concept in economics that refers to the substitution of one good for another. This concept is also known as the marginal rate of substitution and was first introduced in the late nineteenth century by French economist ......
12/07/2023 
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Delors plan
The Delors Plan is an internationally recognized and respected blueprint for making the European Union (EU) work better. The Plan was agreed upon in March 1989, and has since become a guiding document and policy tool for the European Union. It sets out a comprehensive vision for developing and sus......
crowding effect
Squeeze-In Effect
The phrase squeeze-in effect or “ingression effect” can be used to describe a particular process or phenomenon that occurs in a particular event or situation. This process or phenomenon is characterized by an increase in the demand for resources, goods, or services beyond the ......
marshall's excess burden theory
The marshall Excess Burden Theory
The marshall excess burden theory has traditionally been used to explain the incidence of indirect taxes. First developed by Alfred marshall, today the theory is used to explain the dynamics of taxation and the economic effects of taxation. At its core, the marsh......
marshall plan
The marshall Plan
The marshall Plan, or the European Recovery Plan, was a European program proposed by General George marshall, the United States Secretary of State, in 1947 for economic assistance to Europe in the aftermath of World War II. It was a sweeping plan to rebuild the entire European e......
marshallian economics
marshallian Economics
Alfred marshall was an English economist and one of the most influential economists of the late 19th and early 20th centuries. He is credited with the development of the concept of marginal utility and consumer sovereignty, and his ideas formed the basis for the development ......
marshall's theory of interest rates
marshall s Interest Rate Theory
marshalls interest rate theory is a set of theories put forth by economist Alfred marshall (1842-1924) regarding the mechanism by which interest rates are determined. marshalls theory was one of the earliest attempts to explain interest rates.
The theory focuses ......
New marshall Plan
The marshall Plan
The marshall Plan is a term typically referring to the European Recovery Program of 1948-51, which was formally known as the European Recovery Program (ERP). Named after United States Secretary of State George marshall, the plan was a U.S. initiative to rebuild and create a stro......
Stopper-Samuelson theorem
Introduction
The Stigler-Samuelson Theorem is a key result in neoclassical economics that establishes equilibrium in the market. It states that under certain competitive conditions, the long-run prices in a competitive market will equal the marginal cost of production for each good. The theorem i......
Industrial Structure Theory
Industrial Organization Theory
Industrial organization theory is an economic theory that investigates the structure of, and the relationship between, firms and markets. The primary focus is on pricing strategies and sources of market power. The theory has its foundations in microeconomics which, i......
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