Examlex
When helium fusion begins in the core of a red giant star, the situation quickly gets out of control because electron-degeneracy pressure does not respond to changes in
PQ Increase
A rise in the product of price level and quantity of goods and services produced, indicating growth in the value of economic output.
Classical Economist
An economist adhering to a school of thought originating in the late 18th and early 19th centuries, focusing on free markets, the role of self-interest, and the importance of limiting government intervention in the economy.
Interest Rates
A lender's charge to a borrower, expressed as a proportion of the principal, for accessing assets.
Supply and Demand
Economic model of price determination in a market, stating that the price of a good or service varies directly with its demand and inversely with its supply.
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