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  2. Diminishing returns - Wikipedia

    en.wikipedia.org/wiki/Diminishing_returns

    In economics, diminishing returns are the decrease in marginal (incremental) output of a production process as the amount of a single factor of production is incrementally increased, holding all other factors of production equal ( ceteris paribus ). [1] The law of diminishing returns (also known as the law of diminishing marginal productivity ...

  3. Elasticity (economics) - Wikipedia

    en.wikipedia.org/wiki/Elasticity_(economics)

    In economics, elasticity measures the responsiveness of one economic variable to a change in another. [1] If the price elasticity of the demand of something is -2, a 10% increase in price causes the quantity demanded to fall by 20%. Elasticity in economics provides an understanding of changes in the behavior of the buyers and sellers with price ...

  4. Shoe leather cost - Wikipedia

    en.wikipedia.org/wiki/Shoe_leather_cost

    Shoe leather cost. Metaphorically, shoe leather cost is the cost of time and effort (or opportunity costs of time and effort) that people expend by holding less cash in order to reduce the inflation tax that they pay on cash holdings when there is high inflation. These costs include, having to make additional trips to the bank, not being able ...

  5. Boots theory - Wikipedia

    en.wikipedia.org/wiki/Boots_theory

    Boots theory. The Sam Vimes "Boots" theory of socioeconomic unfairness, often called simply the boots theory, is an economic theory that people in poverty have to buy cheap and subpar products that need to be replaced repeatedly, proving more expensive in the long run than more expensive items. The term was coined by English fantasy writer Sir ...

  6. Jobless claims data show 'warning sign' for the US labor ...

    www.aol.com/finance/jobless-claims-data-show...

    New data from the Department of Labor showed nearly 1.84 million claims were filed in the week ending June 22, up from 1.82 million the week prior. Meanwhile, the 4-week moving average of weekly ...

  7. Long run and short run - Wikipedia

    en.wikipedia.org/wiki/Long_run_and_short_run

    In economics, the long-run is a theoretical concept in which all markets are in equilibrium, and all prices and quantities have fully adjusted and are in equilibrium. The long-run contrasts with the short-run, in which there are some constraints and markets are not fully in equilibrium. More specifically, in microeconomics there are no fixed ...

  8. Up Your Sartorial Game With These Comfortable Platform ... - AOL

    www.aol.com/sartorial-game-comfortable-platform...

    Medalist Sneaker. Autry sets the stage for a perfect platform with this ’80s-inspired pair. With a 1.9-inch boost, these padded sneakers are just as comfy as they look. Colors: 6 options. Sizes ...

  9. Shoppers in their 70s say these under-$45 slip-on sneakers ...

    www.aol.com/lifestyle/shoppers-in-their-70s-say...

    The thing is, you need to make sure you have a comfy pair of shoes to support your feet and keep the extra aches and pains away, like these top-selling, slip-on sneakers from Amazon that cost less ...

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