Glossary

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Looking for a quick definition?

We’ve got loads of key subject terms in our subject glossaries. There are three ways of finding what you are looking for:

  • First click on the letters of the alphabet to browse for terms.
  • Select a subject from the drop-down menu above to filter the terms by Subject.
  • Or lastly, type the term you are looking for into the search box.

EXAMPLES

Here are some examples of the kinds of definitions you’ll find on this page.

Subject:

all the goods that are bought to be used in the production of other goods.

Subject:

is used to buy capital goods.

Subject:

cost that remains the same over the production process and is not linked to the number of units...

Subject:

(also called indirect costs) these do not vary with the amount of production (output) and...

Subject:

those costs that do not change such as rent, power, water.

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