Wikipedia:Stanford Archive answers/Economics


 * 1) Hicks decomposition, Hicksian decomposition, Hicksian decomposition of demand -> concept in economics. See Slutsky equation and Hicksian demand function
 * 2) Gains from production, Gains from specialization -> This is the term for the benefits that occur due to the shift in supply after trade takes place
 * 3) Product approach (Production approach), income approach, and expenditure approach -> three ways of measuring Gross Domestic Product
 * 4) Welfare Loss triangle, Welfare Gain triangle, Welfare Benefit triangle, Welfare triangle < a triangle representing the net welfare benefit or loss from a policy or other change
 * 5) Flight from cash < moving wealth from cash into interest-bearing assets; either because of expectations of price increases or a fall in interest rates
 * 6) Adverse selection inefficiency -> economics
 * 7) Prepaid asset and Deferred asset -> expenditures for future costs or expenses, such as incurance, interest, or rent that are set up as assets to be amortized over an applicable period. (that's the definition from NYSE.com, by the way, so don't use those exact words when writing an article)
 * 8) Fundamental class process -> in Marxian economics, the process by which workers transfer surplus product to capitalists
 * 9) Reciprocal exchange -> an group formed so that its members can participate in reciprocal insurance. See Reciprocal inter-insurance exchange
 * 10) Life cycle model -> This model explains personal savings as an attempt to maintain constant consumption levels, despite fluctuations in income. Redirect to Intertemporal consumption?