Economics Glossary
Browse 7 economics terms defined in plain English, from the cultural dictionary of computing.
7 Economics Terms
- AI Replacing Jobs
- The widespread concern or claim that AI systems will automate away significant categories of human work. In tech culture this phrase usually appears in debates...
- dot-com bubble
- The speculative frenzy in internet-related stocks from roughly 1995 to 2001, during which companies with no revenue and dubious business models reached...
- Fixed Cost
- A cost that does not change directly with short-term sales or usage volume, such as rent, salaries, or long-term software commitments. Fixed costs shape how...
- Opportunity Cost
- The value of the best alternative given up when a company chooses one path over another. In startups, opportunity cost is everywhere because time, capital, and...
- Supply Side
- The side of a market that provides goods, labor, inventory, or capacity, as opposed to the demand side that consumes it. In marketplace startups, supply-side...
- Value Chain
- The sequence of activities through which value is created, delivered, and captured, from sourcing and production to distribution and customer support....
- Variable Cost
- A cost that changes with output, usage, or sales volume, such as payment fees, shipping, usage-based infrastructure, or labor directly tied to delivery....
Related Topics
- Strategy (2 terms in common)
- Operations (2 terms in common)
- Finance (2 terms in common)
- Decision Making (1 terms in common)
- Ai Culture (1 terms in common)
- Startups (1 terms in common)
- History (1 terms in common)
- Work (1 terms in common)
- Margins (1 terms in common)
- Supply (1 terms in common)
- Marketplaces (1 terms in common)