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First order condition |
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First order conditionOne of the mathematical necessary conditions for maximization, used routinely in solving economic models. Typically, it consists of setting equal to zero the derivative of the function being maximized (or its Lagrangian) with respect to a variable that can be controlled.Similar MatchesMarshall-Lerner conditionMarshall-Lerner conditionThe condition that sum of the elasticities of demand for exports and imports exceed one (in absolute value); that is, hX + hM > 1, where hX, hM are the demand elasticities for a country's exports and imports respectively, both defined to be positive for downward sloping demands. Under certain assumptions, this is the condition for a depreciation to improve the trade balance, for the exchange market to be stable, and for international barter exchange to be stable. Bargain conditions applyBargain conditions applyA term used by the London Stock Exchange to denote that certain conditions were agreed between the two participants at the time of trading. Report of Condition and IncomeReport of Condition and IncomeFinancial report that all banks, bank holding companies, savings, and loan associations, Edge Act and agreement corporations, and certain other types of organizations must file with a federal regulatory agency. Informally termed a call report. Statement of conditionStatement of conditionA document describing the status of assets, liabilities, and equity of a person or business at a particular time. Technical condition of a marketTechnical condition of a marketDemand and supply factors affecting price, in particular, the net position, either net position or net position, of the net position community. Further SuggestionsConditional sales contractsCondition of the sale Conditional Sales Contract CC and Rs (Covenants, Conditions and Restrictions) Conditional insurance Conditionality Conditional call options |
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