File Name: economic terms and definitions .zip
This glossary of economics is a list of definitions of terms and concepts used in economics , its sub-disciplines, and related fields. Also called resource cost advantage. Also called domestic final demand DFD or effective demand.
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If cigarettes and mackerel can be used as money, then just what is money? Money is anything that serves as a medium of exchange. A medium of exchange is anything that is widely accepted as a means of payment. In Romania under Communist Party rule in the s, for example, Kent cigarettes served as a medium of exchange; the fact that they could be exchanged for other goods and services made them money. Money, ultimately, is defined by people and what they do. When people use something as a medium of exchange, it becomes money. If people were to begin accepting basketballs as payment for most goods and services, basketballs would be money.
Economic growth is an increase in the production of goods and services over a specific period. To be most accurate, the measurement must remove the effects of inflation. Economic growth creates more profit for businesses. As a result, stock prices rise. As more jobs are created, incomes rise.
Account Options Sign in. Top charts. New releases. Add to Wishlist. Oxford Dictionary of Economics - an authoritative and comprehensive dictionary containing 2, key economic terms with clear, concise definitions. This dictionary covers all aspects of economics including economic theory, applied microeconomics and macroeconomics, labor economics, public economics and public finance, monetary economics, environmental economics, and many others.
The ability of a country, individual, company or region to produce a good or service at a lower cost per unit than the cost at which any other entity produces that good or service. Poverty defined with respect to an absolute material standard of living. Someone is absolutely poor if their income does not allow them to consume enough to purchase a minimum bundle of consumer goods and services including shelter, food and clothing.
За дверью. - Да, конечно… сэр. - Сьюзан не знала, как. Бросила взгляд на монитор, потом посмотрела на Грега Хейла.
КЛУШАР - ЛИКВИДИРОВАН Он улыбнулся. Часть задания заключалась в немедленном уведомлении. Но сообщать имена жертв… с точки зрения человека в очках в металлической оправе, это было признаком особой элегантности стиля.
Cinquanta mille. Пятьдесят тысяч! - предложил Беккер. Это почти четыреста долларов.
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