Financial Tutorial  
Discuss in our Free Forum

FINANCIAL DICTIONARY & GLOSSARY: DU - EM
All information are subject to terms of use

duty-free - describes goods that can be imported without customs taxes.

earned income - money received for work (wages, salary, profits from one's business, royalties, pensions, etc.) rather than from investments or property.

earnings - see income.

earnings per share (EPS) - a company's distributable profit divided by the number of shares.

earnings yield - (of a company), the proportion of total profits available for distribution to the total market value of the ordinary shares; (of a security), the last dividend paid as a percentage of the current market price.

econometrics - the application of mathematical and statistical models to economic theories and problems.

economic goods - those that are useful, scarce, and rationed by price.

economic growth - an increase in per capita income, resulting from the increased production of goods and services.

economic rent - money paid to someone over and above the amount he or she needs to remain in that particular line of work.

economies of scale - reductions in unit costs arising from large-scale production.

economies of scope - the cost advantages for an established manufacturer to make related products.

economy - an organized system for the production, distribution and consumption of goods.

efficiency - the ability to produce good results without wasting time or resources; in financial theory, the fact that all new information is rapidly communicated, understood by market participants, and incorporated into prices.

elasticity of demand - the responsiveness of the quantity of a good or service demanded to changes in market price.

elasticity of supply - changes in the supply of a good or service in response to changes in price.

employ - to use somebody's labor or services in exchange for money.

employee - person employed by someone else, working for money (salary or wages).

PREVIOUS PAGE - NEXT PAGE