Monopoly
Monopoly is a classic board game where players buy, sell, and trade properties, aiming to bankrupt opponents. It's a game of luck and strategy, teaching basic economic principles through its…
Money Supply
The money supply refers to the total amount of monetary assets available in an economy at a specific time. It includes currency, coins, and various types of deposits. Central banks…
Monetary Policy Committee
The Monetary Policy Committee (MPC) is a group responsible for setting a central bank's key interest rates. Its decisions significantly influence inflation, economic growth, and financial stability within a country's…
Monetarism
Monetarism is an economic theory emphasizing the role of money supply in economic activity. It posits that controlling the money supply is key to managing inflation and stabilizing the economy.
Minimum Wage Explained
The minimum wage is the lowest hourly, daily, or monthly remuneration that employers are legally required to pay their workers. It's a crucial tool in wage and income policy.
Microeconomics
Microeconomics studies how individual economic agents like households and firms make decisions regarding the allocation of scarce resources. It analyzes markets, prices, and consumer behavior.
Merger
A merger is the combination of two or more companies into a single new entity. Typically, the companies involved are roughly equal in size, and the new entity is formed…
Median
The median is the middle value in a dataset when ordered from least to greatest. It's less affected by extreme values than the mean, making it a robust measure of…
Margin
Margin refers to the difference between revenue and expenses. In trading, it's the collateral deposited to cover potential losses on a leveraged trade. Understanding margin is crucial for financial management…
Manufacturing Output: A Comprehensive Overview
Manufacturing output measures the total volume of goods produced by a sector. It's a key indicator of economic health, reflecting industrial activity, productivity, and demand for manufactured products.