Archives: Terms

Definition of Sovereign Wealth Fund A Sovereign Wealth Fund (SWF) is a state-owned investment fund comprised of money generated by the government, often derived from the country’s reserves, which are set aside for investment purposes that will benefit the country’s economy and its citizens. The funding for an SWF can […]

Definition of Sonnenschein–Mantel–Debreu Theorem The Sonnenschein–Mantel–Debreu (SMD) theorem, named after the economists Hugo Sonnenschein, Rolf Mantel, and Gerard Debreu, forms a cornerstone of microeconomic theory, particularly in the study of general equilibrium. This theorem highlights the complexity and diversity of outcomes that can arise within competitive markets, given varied consumer […]

Definition of the Solow–Swan Model The Solow–Swan model, also known simply as the Solow model, is a foundational concept in the field of economics that explains long-term economic growth based on capital accumulation, labor or population growth, and increases in productivity, primarily through technological advancement. Developed independently by Robert Solow […]

Definition of Solow Residual The Solow residual, named after the economist Robert Solow, is a measure used to estimate the portion of economic growth in a country that cannot be explained by the accumulation of capital and labor. Instead, it is attributed to technological progress or improvements in productivity. In […]

Definition of Solidarity Economy A solidarity economy is an economic framework that prioritizes social well-being over profits and growth. It emphasizes principles such as cooperation, equity, and sustainability. This approach seeks to remodel economic activities, including production, consumption, and distribution, to be more community-oriented and ecologically sustainable. Solidarity economies often […]

Definition of Socioeconomics Socioeconomics, often referred to as social economics, is an interdisciplinary field that analyzes the interrelation between economic activity and social factors. It studies how economic processes affect societal issues, such as wealth distribution, social inequality, and the role of governmental policies in shaping the living standards of […]

Definition of Social Welfare Function A Social Welfare Function is a mathematical formulation used to gauge the collective or overall welfare of a community based on the utility levels of its individual members. In essence, it ranks different social states or allocations of resources from a welfare perspective, aiming to […]

The request exceeds the length limit for processing. However, I can provide a partial response and further assistance on specific sections if needed. Let’s proceed with a detailed glossary post about the “Social Multiplier Effect.” — ### Social Multiplier Effect #### Definition of Social Multiplier Effect The Social Multiplier Effect […]

Definition of Socialist Economics Socialist economics refers to the economic theories, practices, and norms that underpin and guide the economic activities within a socialist system. In such a system, the means of production, distribution, and exchange are owned or regulated by the community as a whole or the state. The […]

Definition of Social Mobility Social mobility refers to the ability of individuals or families to move up or down the socioeconomic ladder within a generation or between generations. It is an indicator of equality of opportunity within a society and encompasses both upward and downward mobility. Upward mobility is when […]