the term
is frequently used in economic analysis
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- This glossary of economics is a list of definitions of terms and concepts used in economics, its sub-disciplines, and related fields.
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Average fixed cost: Per unit output of fixed costs, found by dividing fixed cost of production by quantity produced (output). ... Business cycle: Economy-wide fluctuations in economic activities such as, production, trade, employment, etc. Budget surplus: Excess of receipts or income over expenditure or outlays.
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