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187 terms were found.
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- Compensating Variation
- The amount of money one would pay to gain a benefit such as a price decrease or the amount of income one would accept to agree upon the imposition of a harm such as a price increase. Money required to leave an individual as well off as before the economic change. Amount an individual would be willing to pay for the change, or willing to accept as compensation for a change.
- Compensating Wage Differentials
- The additional amount paid for a job that has certain unattractive features, such as risk of injury, as compared with a job that requires similar skills but lacks these negative features
- Competition
- Rivalry among individuals in order to acquire more of something that is scarce.
- Competitive Equilibrium Price
- The price at which the quantity supplied and the quantity demanded are equal to each other.
- Complement
- A good for which demand decreases when the price of a closely related good increases.
- Complements
- A price change for one product leads to a shift in the opposite direction in the demand for another product.
- Compliance Costs
- Expenditures associated with fulfilling requirements of environmental regulations.
- Compost
- Partially decomposed organic plant and animal matter that can be used as a soil conditioner or fertilizer. See decomposition.
- Composting
- The controlled biological decomposition of organic material, such as sewage sludge, animal manures, or crop residues, in the presence of air to form a humus-like material. Controlled methods of composting include mechanical mixing and aerating, ventilating the materials by dropping them through a vertical series of aerated chambers, or placing the compost in piles out in the open air and mixing it or turning it periodically.
- Compound
- Combination of two or more different chemical elements held together by chemical bonds. See element, inorganic compound, organic compound.
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