Glossary of IB Economics Terms
To excel in IB Economics, students need to have a good understanding of Economics Terminology. This is can be rather daunting for most students. In this page, we created a glossary of IB Economics terms to help students search for Economics definitions in just a few clicks. We hope you will find this tool useful.
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IB Economics Terms
There are 1 names in this directory beginning with the letter K.
Kinked Demand Curve
A theory where in a (non-collusive) duopoly if one firm lowers the price the rival firm will follow whereas if it raises price the rival will not follow it shows that in an oligopoly, even if cost conditions change, prices are ‘sticky’.