That part of after-tax income which is not consumed.
it's forgone consumption.
unemployment
dissaving
When economists defined trade-off, they measured opportunity cost. Trade-off is letting go something of value in exchanging for something else that still has some value.
Usually, you make an investment to prepare for the future. If you're saving for something that you NEED, it is. If you're saving for something like a toy, then no.
Economists define limited quantities to meet unlimited wants as "scarcity." Scarcity refers to the fundamental economic problem where resources are insufficient to satisfy all human desires and needs. This concept drives the allocation of resources, prompting individuals and societies to make choices about how to use their finite resources effectively. As a result, scarcity influences pricing, supply, and demand in the marketplace.
The possessive form of the plural noun economists is economists'.example: All of the economists' predictions are for improvement in the next quarter.
shy, but brave...
economists have classified input as
What do economists call elasticity?
Economists Salary: American Dollars: Corporate Economists$88,428 - $132,846 Academic Economists (New Phd) $94,006 British Pounds: Corporate Economists £47,832.53 - £72,411.42 Academic Economist ( New Phd) £50,882.24
Economists Salary: American Dollars: Corporate Economists$88,428 - $132,846 Academic Economists (New Phd) $94,006 British Pounds: Corporate Economists £47,832.53 - £72,411.42 Academic Economist ( New Phd) £50,882.24