Customer segments
Customer segments refer to a specific group of customers that are targeted by the business. In the business model, the customer segment is the specific group of people that the…
Accounting and it’s usage in Economics
Accounting refers to the systematic process of recording, analyzing, summarizing and reporting financial transactions of businesses or individuals. It is a method of tracking the income, expenses, assets and liabilities…
Accelerator in the Context of Economics
The term accelerator in economics is used to convey the accelerator principle. This theory suggests that there is a direct relationship between the changes in output or demand in the…
Value Proposition
The value proposition is a unique selling point of a product or service. It is a fundamental component of the business model which represents the core reason as to why…
Acceleration Clause in the Context of Economics
In economics, the acceleration clause is specifically in the context of finance and contract law is a provision in a loan agreement that allows the lender to demand immediate repayment…
Accelerated Depreciation in the Context of Economics
Accelerated Depreciation is particularly used in the field of accounting and finance. It is a method of depreciating a fixed asset in such a way that higher amounts of the…
Absorption in the context of Economics
In the context of economics, absorption is a term which refers to the total amount of goods and services which are consumed by a nation. This includes domestic production as…
Absolute Advantage in the context of Economics
In the field of economics, the absolute advantage refers to the ability of a country, region or an entity to produce some specific goods or service more efficiently than the…
Abatement in the Context of Economics
In the field of economics, abatement refers to the reduction or elimination of activities which lead to negative consequences especially concerning environmental pollution. It involves various actions or measures which…
Business Model: An Introduction
A Business model is that framework which outlines how a company creates, delivers and captures value. It includes the products and services which are being offered, the target market and…