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Economics catchphrases

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world economy
economy of the world
Dutch disease
apparent causal relationship between the increase in the economic development of a specific sector and a decline in other sectors
knowledge economy
approach to generating value
open economy
economy favoring cross-border investment and commerce
There ain't no such thing as a free lunch
popular adage communicating the idea that it is impossible to get something for nothing
rat race
metaphor referring to an endless, self-defeating, or pointless pursuit
capital control
monetary policy limiting transfer of assets in or out of a country
race to the bottom
Repeated decisions by jurisdictions to compete for economic activity against one another by offering ever lower standards of regulation or taxation
real economy
a part of the whole economy concerning the flow of goods and services (like oil, bread and labor hours), contrasted with the monetary sector
animal spirits
factors that influence human behavior
Robinson Crusoe economy
economy with one consumer, one producer and two goods
The rich get richer and the poor get poorer
aphorism due to Percy Bysshe Shelley
razor-and-blades model
business model of selling high-profit consumables or subscription services for use with a subsidized durable good
cream skimming
providing a product or a service to only the high-value or low-cost customers of that product or service, while disregarding clients that are less profitable for the company; choosing only attractive parts
Goldilocks economy
economy that is not too hot or cold
The dismal science
derogatory alternative name for economics