Glossary

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Looking for a quick definition?

We’ve got loads of key subject terms in our subject glossaries. There are three ways of finding what you are looking for:

  • First click on the letters of the alphabet to browse for terms.
  • Select a subject from the drop-down menu above to filter the terms by Subject.
  • Or lastly, type the term you are looking for into the search box.

EXAMPLES

Here are some examples of the kinds of definitions you’ll find on this page.

Subject:

when the firm makes less than the normal profit.

Subject:

when the firm makes more than the normal profit.

Subject:

the cost advantages that a business can use by increasing their scale of production in the long...

Subject:

an area in which production, consumption and exchange take place.

Subject:

living and non-living components of an area interacting as a whole functional unit

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