VWL 1, FFHS, Semester 3

VWL 1, FFHS, Semester 3

VWL 1, FFHS, Semester 3

Esther Kilcher

Esther Kilcher

Fichier Détails

Cartes-fiches 286
Langue Deutsch
Catégorie Economie politique
Niveau Université
Crée / Actualisé 14.12.2015 / 22.05.2016
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variable costs

costs that vary with the quantity of output produced

velocity of money

the rate at which money changes hands

vertical equity

the idea that taxpayers with a greater ability to pay taxes should pay larger amounts

welfare economics

the study of how the allocation of resources affects economic well-being

willingness to pay

the maximum amount that a buyer will pay for a good

world price

the price of a good that prevails in the world market for that good