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:

any place or circumstance where buyers and sellers meet to set prices and exchange goods or...

Subject:

the market forces of demand and supply are used to determine how the resources are used; who can...

Subject:

(also called the free market system or market capitalism) prices and quantities in the economy...

Subject:

when firms do not produce the correct quantity to suit demand as they do not use the resources...

Subject:

when demand and supply are allowed to operate freely to form prices.

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