Definition of E-Commerce (Electronic Commerce) E-commerce, also commonly referred to as electronic commerce, is a type of business where buying and selling of products and services is conducted through electronic systems like the internet, computer networks, and other digital technologies. E-commerce transactions can be between businesses (B2B), consumers (B2C), or […]
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Electronic Retailing (E-Tailing)
Definition of Electronic Retailing (E-tailing) Electronic retailing, commonly known as e-tailing, is the process of selling products and services over the internet through online retail stores or internet marketplaces. The products or services can include anything from clothes, electronics, books, and groceries to insurance, banking, and travel services. In that […]
Read moreEmbargo
Definition of Embargo An embargo is a government-imposed restriction on trade or other economic activity with a particular country, group of countries, or region. It is usually put in place as a result of political tension or disagreements between countries, and its purpose is to exert pressure and bring about […]
Read moreEmerging Industry
Definition of Emerging Industry An emerging industry, also known as a sunrise industry, is a new sector of the economy that is experiencing significant growth potential and has the potential to become a major force in the market in the future. These industries typically emerge from new technologies or changes […]
Read moreEmerging Market Economy
Definition of Emerging Market Economy An emerging market economy (EME) refers to a country that is in the process of becoming a developed economy. These countries generally have low to middle per capita incomes and are in the process of improving their infrastructure and implementing market-oriented policies. Typically, EMEs experience […]
Read moreEminent Domain
Definition of Eminent Domain Eminent domain is the power of the United States government to take private property for public use. This power is derived from the Fifth Amendment of the US Constitution, which requires the government to provide fair compensation for the taken property. Eminent domain is used in […]
Read moreEmployment-To-Population Ratio
Definition of Employment-to-Population Ratio The employment-to-population ratio (EPOP) is a ratio that measures the percentage of a population that is employed. The ratio is calculated by dividing the number of employed individuals by the total working-age population. Example Suppose a country has a population of 100 million, out of which […]
Read moreEndogenous Growth Theory
Definition of Endogenous Growth Theory Endogenous growth theory is a concept in economics that suggests economic growth can be achieved through various internal factors, such as investments in human capital, knowledge, research, and development. In traditional economic theory, growth is seen as the result of external factors, such as technological […]
Read moreEndogenous Variable
Definition of Endogenous Variable An endogenous variable is a variable that is influenced or determined by other variables within a particular model or economic system. In other words, it changes based on the values of other variables in the system. Endogenous variables are also known as dependent variables. Example To […]
Read moreEnergy Return On Investment (EROI)
Definition of Energy Return on Investment (EROI) Energy Return on Investment (EROI) is a metric used to assess the efficiency of energy extraction and conversion processes. It measures the ratio of the energy produced by an energy source to the amount of energy expended to produce it. This includes all […]
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