Investopedia: Understanding Income Effect vs. Substitution Effect

Income Effect vs. Substitution Effect: An Overview The income effect expresses the impact of increased purchasing power on consumption, while the substitution effect describes how consumption is impacted by changing relative income and prices. These economics concepts express changes in…

Investopedia: Shares vs. Stocks: Understanding the Difference

Shares vs. Stocks: An Overview The distinction between stocks and shares is pretty blurred in the financial markets. Generally, in American English, both words are used interchangeably to refer to financial equities – specifically, securities that denote ownership in a…