Archives: Terms

Definition of Depletable Resources Depletable resources, also known as non-renewable resources, are those that do not renew themselves at a sufficient rate for sustainable economic extraction in meaningful human timeframes. These resources are available in limited quantities and, once depleted, cannot be used again. They include fossil fuels like coal, […]

Definition of Dependent Variable A dependent variable is the outcome or response that researchers are interested in explaining or predicting. In an experimental or observational study, it is the variable that is expected to change as a result of manipulations or changes to the independent variable(s). Essentially, it depends on […]

Definition of Dependency Culture Dependency culture refers to a situation in which a significant portion of a population becomes reliant on government welfare benefits or other forms of public assistance, rather than seeking employment or other means of self-support. This culture is characterized by a mindset that depends on external […]

Definition of Demutualization Demutualization refers to the process by which a customer-owned mutual organization or cooperative changes its structure to become a shareholder-owned company. This transformation often involves converting the company from one where policyholders or members own the mutual organization, into one where shareholders own equity interest in the […]

Definition of Demographic Unemployment Demographic unemployment refers to the variations in unemployment rates due to changes or differences in demographic factors within a population. These demographic factors can include age, gender, race, and educational background. This type of unemployment arises because certain segments of the population may face higher levels […]

Definition of Demographic Transition Demographic transition refers to the process by which a country moves from high birth and death rates to low birth and death rates through time. This process is typically divided into several stages, starting from a pre-industrial stage characterized by high fertility and mortality rates, to […]

Definition of Demand-Determined Output Demand-determined output refers to a scenario in the economy where the level of production is primarily driven by the current demand for goods and services. In this context, producers respond to the changing needs and desires of consumers, adjusting their output accordingly. This concept contrasts with […]

Definition of Demand-Deficiency Unemployment Demand-deficiency unemployment occurs when there is not enough demand for goods and services in the economy to provide jobs for everyone who wants one. This type of unemployment is closely associated with the economic cycle and typically rises during periods of economic downturn or recession. In […]

Definition of Demand Management Demand management refers to the practice of actively controlling and influencing consumer demand to optimize production, inventory levels, and resource utilization. It involves a strategic approach to regulate, plan, and forecast demand for products and services to meet business objectives and customer satisfaction efficiently. This concept […]

Definition of Demand Inflation Demand inflation, often referred to as demand-pull inflation, occurs when the overall demand for goods and services in an economy surpasses the economy’s ability to produce these goods and services, leading to a general increase in price levels. This type of inflation is triggered by an […]