The economics of information

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academicians
kezdjen tanulni
members of academy
resource
kezdjen tanulni
a useful or valuable possession of something
slum dwelling
kezdjen tanulni
very poor place to live
commodity
kezdjen tanulni
a substance or product that can be traded, bought, or sold
datum
kezdjen tanulni
single piece of information
hostility
kezdjen tanulni
situation when someone is unfriendly
tariff
kezdjen tanulni
list of charges either for services or on goods entering a country
monopolist
kezdjen tanulni
company that have monopoly
neglect
kezdjen tanulni
to not give enough attention to things that you are responsible for
perimissible
kezdjen tanulni
allowed
aspect
kezdjen tanulni
one part of a situation
viewpoint
kezdjen tanulni
a place from where we can observe something
ascertain
kezdjen tanulni
to discover something
varying frequency
kezdjen tanulni
different frequencies
completely centralized market
kezdjen tanulni
when the market is controlled by one authority
quote
kezdjen tanulni
to repeat the words that someone else has said
canvass
kezdjen tanulni
to try to get political support or votes
phenomenon
kezdjen tanulni
something unusual that exists and can be seen
disperce
kezdjen tanulni
to spread across or move away over a large area
uniquitous
kezdjen tanulni
seeming to be everywhere
homogeneous goods
kezdjen tanulni
goods that are similar to each other or are of the same type
deviation
kezdjen tanulni
the action of doing something that is different from the usual
anthracite
kezdjen tanulni
a very hard type of coal that burns slowly and produces a lot of heat with very little smoke and a small flame
price dispertion
kezdjen tanulni
variation in prices across sellers of the same item, holding fixed the item's characteristics
homogeneity
kezdjen tanulni
something that is consisting of parts that are similar to each other
metaphysical
kezdjen tanulni
part of philosophy which is about understanding existence
fruitless
kezdjen tanulni
unsuccessful or produces nothing of value
heterogeneity
kezdjen tanulni
something that is consisting of parts that are different to each other
primitive
kezdjen tanulni
something that is at very early stage of development
skewed
kezdjen tanulni
not accurate or exact
reproducible goods
kezdjen tanulni
goods that are able to be made again
rectangular
kezdjen tanulni
shaped as a rectangle
algebraic simplicity
kezdjen tanulni
the fact that algebra is easy to understand
yield
kezdjen tanulni
to produce something positive
diminish
kezdjen tanulni
to reduce the size or importance
distribution
kezdjen tanulni
the process of giving things out to several people
apparent
kezdjen tanulni
able to be understood
approximate
kezdjen tanulni
when something is close to particular number but not quite
quantity
kezdjen tanulni
the amount of something
reduction in price
kezdjen tanulni
decrease in price
expenditure
kezdjen tanulni
the total amount of money that a government or person spends
defer
kezdjen tanulni
to delay something
Proportional
kezdjen tanulni
when two things change at the same rate so that the relationship between them does not change
Marginal return
kezdjen tanulni
is the rate of return for a marginal increase in investment
optimum
kezdjen tanulni
the best
engage
kezdjen tanulni
to interest someone in something and keep them involved
unique
kezdjen tanulni
special in some way
empirical
kezdjen tanulni
based on what is experienced or seen rather than on theory
fraction
kezdjen tanulni
a small part of something
hundredfold
kezdjen tanulni
a hundred times as big or as much
prohibition
kezdjen tanulni
not allowing something
levy
kezdjen tanulni
an amount of money(tax) that you have to pay to a government
circulation
kezdjen tanulni
the process in which something is passed from one person to another
alternative
kezdjen tanulni
plan that you can use if the first plan is a failure
implicitly
kezdjen tanulni
in a way that is suggested but not communicated directly
divisible
kezdjen tanulni
that can be divided
higgling
kezdjen tanulni
discrimination
inquire
kezdjen tanulni
to ask for information
demand curve
kezdjen tanulni
is a graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period of time
uniform
kezdjen tanulni
the same
reciprocal
kezdjen tanulni
behave in the same way or agree to help each other
returns to scale
kezdjen tanulni
describe what happens to long run returns as the scale of production increases, when all input levels including physical capital usage are variable
consistent
kezdjen tanulni
always behaving in the same way(positive)
inconsistent
kezdjen tanulni
not always behaving in the same way(not positive)
determinant
kezdjen tanulni
something that controls or affects what happens in a particular situation
unambitious
kezdjen tanulni
expressed in a way that makes it completely clear
repetitive
kezdjen tanulni
doing the same thing several times
correlation
kezdjen tanulni
a connection between two or more facts
initial
kezdjen tanulni
of or at the beginning
undertake
kezdjen tanulni
to begin doing something difficult
handful
kezdjen tanulni
a small number of things
patronage
kezdjen tanulni
the power of a person to give someone an position
goodwill
kezdjen tanulni
part of a company's value that includes things that cannot be directly measured
variance
kezdjen tanulni
the fact that two or more things are different
wholly
kezdjen tanulni
completely
fraction
kezdjen tanulni
the result from dividing thing by another
sheer
kezdjen tanulni
used to show how important a quality is
vanish
kezdjen tanulni
disapear
ceteris paribus
kezdjen tanulni
if everything else remains the same; other things being equal
pooling
kezdjen tanulni
the act of combining two things
in perpetuity
kezdjen tanulni
forever
remunerate
kezdjen tanulni
to pay someone for work or services
interest rate
kezdjen tanulni
is the amount of interest due per period, as a proportion of the amount lent, deposited, or borrowed
obsolete
kezdjen tanulni
not in use any more
supply
kezdjen tanulni
to provide something that is wanted or needed
demand
kezdjen tanulni
to need something
dimention
kezdjen tanulni
a measurement of something in a particular direction
broker
kezdjen tanulni
a person who buys and sells foreign money
seldom
kezdjen tanulni
almost never
binomial
kezdjen tanulni
an expression that has two terms that are not the same
summarize
kezdjen tanulni
to express the most important facts
indicate
kezdjen tanulni
to show the point
incentive
kezdjen tanulni
something that encourages a person to do something
latter
kezdjen tanulni
near the end
exaggerated
kezdjen tanulni
seeming to be more important
comprehensible
kezdjen tanulni
able to be understood
assimilation
kezdjen tanulni
the process of becoming a part of something
elaborate
kezdjen tanulni
containing a lot of careful detail or many detailed parts
shoddy
kezdjen tanulni
badly and carelessly made
magniture
kezdjen tanulni
the large size or importance of something
studiously
kezdjen tanulni
in a way that is very careful and intentional
economise
kezdjen tanulni
to try to save money by reducing the amount that you are spending

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