Bandwagon Effect
Bandwagon is a term that everyone might have heard many times in various public events. Bandwagon is made up of two words - 'Band' and 'Wagon'; a wagon is something…
Balassa–Samuelson Effect
The Balassa-Samuelson effect was said to be developed independently in the year 1964 by Bela Balassa and Paul Samuelson. The effect is already explained to have been hypothesized in the…
Averch-Johnson Effect
The 'Averch-Johnson effect' is related to the economy of the company and is named after two economists who developed a styled model depicting the rate of return in a regulated…
Accelerator Effect
The Accelerator effect is usually stated in the field of economics. This is a positive effect that is shown on any private investment in terms of its growth in the…