"cobweb model" meaning in English

{
  "etymology_text": "So called because it can be represented in a diagram as curves overlaid on a spiral, resembling a spider's web.",
  "forms": [
    {
      "form": "cobweb models",
      "tags": [
        "plural"
      ]
    }
  ],
  "head_templates": [
    {
      "args": {},
      "expansion": "cobweb model (plural cobweb models)",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "senses": [
    {
      "categories": [
        {
          "kind": "other",
          "name": "English entries with incorrect language header",
          "parents": [
            "Entries with incorrect language header",
            "Entry maintenance"
          ],
          "source": "w"
        },
        {
          "kind": "other",
          "name": "Pages with 1 entry",
          "parents": [],
          "source": "w"
        },
        {
          "kind": "topical",
          "langcode": "en",
          "name": "Economics",
          "orig": "en:Economics",
          "parents": [
            "Social sciences",
            "Sciences",
            "Society",
            "All topics",
            "Fundamental"
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          "source": "w"
        }
      ],
      "glosses": [
        "An economic model that ascribes the periodic price fluctuations in certain types of market to cyclical supply and demand where the amount produced must be chosen before prices are observed, and producers' expectations about prices are assumed to be based on observations of previous prices."
      ],
      "id": "en-cobweb_model-en-noun-~pQzciEK",
      "links": [
        [
          "economics",
          "economics"
        ],
        [
          "economic",
          "economic"
        ],
        [
          "model",
          "model"
        ],
        [
          "ascribe",
          "ascribe"
        ],
        [
          "periodic",
          "periodic"
        ],
        [
          "price",
          "price"
        ],
        [
          "fluctuation",
          "fluctuation"
        ],
        [
          "market",
          "market"
        ],
        [
          "cyclical",
          "cyclical"
        ],
        [
          "supply and demand",
          "supply and demand"
        ],
        [
          "expectation",
          "expectation"
        ],
        [
          "observation",
          "observation"
        ]
      ],
      "raw_glosses": [
        "(economics) An economic model that ascribes the periodic price fluctuations in certain types of market to cyclical supply and demand where the amount produced must be chosen before prices are observed, and producers' expectations about prices are assumed to be based on observations of previous prices."
      ],
      "related": [
        {
          "word": "cobweb theory"
        }
      ],
      "topics": [
        "economics",
        "sciences"
      ],
      "wikipedia": [
        "cobweb model"
      ]
    }
  ],
  "word": "cobweb model"
}

{
  "etymology_text": "So called because it can be represented in a diagram as curves overlaid on a spiral, resembling a spider's web.",
  "forms": [
    {
      "form": "cobweb models",
      "tags": [
        "plural"
      ]
    }
  ],
  "head_templates": [
    {
      "args": {},
      "expansion": "cobweb model (plural cobweb models)",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "related": [
    {
      "word": "cobweb theory"
    }
  ],
  "senses": [
    {
      "categories": [
        "English countable nouns",
        "English entries with incorrect language header",
        "English lemmas",
        "English multiword terms",
        "English nouns",
        "Pages with 1 entry",
        "en:Economics"
      ],
      "glosses": [
        "An economic model that ascribes the periodic price fluctuations in certain types of market to cyclical supply and demand where the amount produced must be chosen before prices are observed, and producers' expectations about prices are assumed to be based on observations of previous prices."
      ],
      "links": [
        [
          "economics",
          "economics"
        ],
        [
          "economic",
          "economic"
        ],
        [
          "model",
          "model"
        ],
        [
          "ascribe",
          "ascribe"
        ],
        [
          "periodic",
          "periodic"
        ],
        [
          "price",
          "price"
        ],
        [
          "fluctuation",
          "fluctuation"
        ],
        [
          "market",
          "market"
        ],
        [
          "cyclical",
          "cyclical"
        ],
        [
          "supply and demand",
          "supply and demand"
        ],
        [
          "expectation",
          "expectation"
        ],
        [
          "observation",
          "observation"
        ]
      ],
      "raw_glosses": [
        "(economics) An economic model that ascribes the periodic price fluctuations in certain types of market to cyclical supply and demand where the amount produced must be chosen before prices are observed, and producers' expectations about prices are assumed to be based on observations of previous prices."
      ],
      "topics": [
        "economics",
        "sciences"
      ],
      "wikipedia": [
        "cobweb model"
      ]
    }
  ],
  "word": "cobweb model"
}