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Skip to content * Home * Economics * Macroeconomics * Fiscal Policy * Economic Measurements * Inflation * International Trade * Monetary Policy * Money Supply * Microeconomics * Consumer Theory * Economic Systems * Elasticity * Information, Risk & Insurance * Market Efficiency * Market Failure * Market Structure * Opportunity Cost * Pricing Strategies * Production Theory * Supply & Demand * Taxation * Finance * eBook * Contact * Subscribe * Search for: Search * EMPOWERING ECONOMICS Boycewire was founded with the goal of becoming the number one resource in economics and finance. From eductation and news to advice and guidance, Boycewire is dedicated and passionate about delivering the latest and most detailed information to all of our million plus readers. * Definitions A-Z Key Terms * eBook Economics Intro Featured Guide Guide Economics 101 What is Economics? We deep dive and create the ultimate guide to everything you need to know about Economics. LATEST DEFINITIONS Economic Rent Economic rent refers to the income earned by a factor of production that exceeds the minimum amount necessary to keep it engaged in its current use. Equity Research Equity research involves analyzing and evaluating publicly traded companies to provide investment insights and recommendations to investors. Equity Financing Equity financing is the process of raising capital for a company by selling ownership shares to investors in exchange for funds. Effective Annual Rate The Effective Annual Rate (EAR) is the true annual interest rate that takes into account compounding effects, providing an accurate measure of the total cost or return over one year. BOYCEWIRE+ All Access. Free Newsletter. Members Only Content. Latest Economic News. Always First. Sign Up INTRO TO ECONOMICS eBook Start your economics journey with our latest eBook, An Introduction to Economics. Buy Now TRENDING DEFINITIONS Bait and Switch Bait and switch is a deceptive sales tactic that involves advertising a desirable product or offer to attract customers, only to substitute it with a less desirable alternative upon arrival. Eminent Domain Eminent domain is the legal power of a government to expropriate private property for public use, accompanied by the requirement to provide just compensation to the property owner. Gini Coefficient: Definition, How to Calculate & Formula Simply put, the Gini coefficient is a statistical measure used to calculate inequality within a nation. Public Goods: Definition, Characteristics & Examples A public good is a good whereby no individual can be excluded from benefiting from it. In other words, everyone can benefit from its use. IN THE SPOTLIGHT Feature What Is Economics? Economics 101, the Boycewire guide to everything economics. Let us guide you through Economics from start to finish. Read More Feature What Causes Inflation? Boycewire explores inflation including causes and effects. Let’s explore in detail everything inflation related. Read More Feature Guide To Market Failure Our complete guide to market failure. From the definition, causes and examples plus everything you need to know about market failure. Read More FEATURED |See All Featured ▸ Crypto Worth The Risk? A detailed look at whether the ever controversial world of cryptocurrency still delivers the rewards. Read More What is Common Stock? A straight forward explainer into “Common Stock”. Boycewire explores, in-depth the financial asset. Read More DAILY DEFINITION Micro Macro Finance Social Capital /səʊʃəl kæpɪtl/ Social capital refers to the links and bonds people form through friendships and acquaintances. These links can form through friendship groups, i.e. knowing a friend of a friend. Or, they can occur through daily social interactions. Full Definition Budget Deficit /‘bʌdʒɪt ‘dɛfɪsɪt/ A budget deficit occurs when the government spends more than it receives through taxation. For example, if it receives $2 trillion in tax receipts, but spends $2.5 trillion on public services – it has a budget deficit of $500 billion Full Definition Net Present Value /nɛt ‘prɛznt ‘væljuː/ Net Present Value (NPV) is the total value of future revenues, subtracted against any cash outflows during the same period. In other words, it calculates future streams of income and brings it in line to its present value. At the same time, it also factors in outflows. 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