|
|
GINI INDEX: One of the most common measures of income or wealth distributions. It indicates how equal, or unequal, income, wealth, or similar stuff is distributed among the population. If you happen to come across a Gini index, you'll see that it falls in the range of 0 to 1. A value of 0 tells you that the distribution is perfectly equal, that is, everyone has exactly the same amount of income, wealth, or whatever. A value of 1, however, tells you that the distribution is what we could call perfectly unequal, that is, one person has everything and everyone else has nothing.
Visit the GLOSS*arama
|
|
|
|
|
CONSUMPTION FUNCTION A mathematical relation between consumption and income by the household sector. The consumption function can be stated as an equation, usually a simple linear equation, or as a diagram designated as the consumption line. This function captures the consumption-income relation that forms one of the key building blocks for Keynesian economics. The two key parameters of the consumption function are the intercept term, which indicates autonomous consumption, and the slope, which is the marginal propensity to consume and indicates induced consumption. Aggregate expenditures used in Keynesian economics are derived by adding investment, government purchases, and net exports to the consumption function.
Complete Entry | Visit the WEB*pedia |
|
|
YELLOW CHIPPEROON
[What's This?]
Today, you are likely to spend a great deal of time searching for rummage sales wanting to buy either a turbo-powered vacuum cleaner or a battery-powered, rechargeable vacuum cleaner. Be on the lookout for infected paper cuts.
Your Complete Scope
This isn't me! What am I?
|
|
|
Cyrus McCormick not only invented the reaper for harvesting grain, he also invented the installment payment for selling his reaper.
|
|
|
"Even a mistake may turn out to be the one thing necessary to a worthwhile achievement." -- Henry Ford
|
|
ABE
Association of Business Executives
|
|
|
Tell us what you think about AmosWEB. Like what you see? Have suggestions for improvements? Let us know. Click the User Feedback link.
User Feedback
|
|
