Bank (n): one of a variety of financial intermediaries that accepts deposits and makes loans and/or that engages in brokerage, merger and acquisition consulting. This is a glossary for terms used in international economics, maintained by alan deardorff it is comprehensive and includes many figures, although, by his own. Glossary abscissa - the horizontal base line of a chart, x-axis this produced a decline in economic activity that is deflationary based on the reduction in. Economics glossary, your one-stop credit and insurance center your free guide to stock market investing small business resources. Economics - glossary absolute advantage: when an individual or entity can produce more of a good than another individual or entity capital: man made.
Browse our glossary of economics and personal finance terms teachers: create custom, printable flashcards appropriate for your grade level. Most of the terms listed in wikipedia glossaries are already defined and explained within wikipedia itself however, glossaries like this one are useful for looking. This is the simplest yardstick of economic performance if one person, firm or country can produce more of something with the same amount of effort and.
Balance of payments a statistical record of all economic transactions between domestic and foreign residents it captures trade in goods and services, income. A glossary of economic terms to help kids better understand the economic and the current economic crisis. Capitalism, economic system in which property is privately owned and goods are privately producedit is sometimes referred to as the private enterprise system. Glossary adam smith (1723 – 1790) regarded as the father of modern economics author of wealth of nations aggregate monetary resources broad money. A b c d e f g h i j k l m n o p q r s t u v w x y z abandoned well a well (oil , natural gas, or water injection) not in use because it was a dry hole originally,.
Welcome to the financial times lexicon browse thousands of words and phrases selected by financial times editors and suggest new terms for the glossary. Oecd economics glossary english-french this updated and expanded edition of the 1992 glossaire de l'économie anglais-français contains some 30 000. Elsewhere in the glossary, for cross-reference absolute poverty: have the negative effect of worsening economic downturns – since governments either must.
This key term glossary covers the vast majority of concepts needed for students preparing for their as (unit 2) macro economics exam it is suitable for all. Easy introduction, clear definitions, in-depth analysis, links to real data and simulation models to download completely free key economic concepts in a. Glossary economic sustainability the general definition of economic sustainability is the ability of an economy to support a defined level of economic. An economic program that automatically expands during recessions or contracts during booms without a glossary of terms in short-run production and cost.
Expenditure that automatically increases or tax that automatically decreases when economic conditions worsen, and that, therefore, tends to stabilize the. The glossary and its entries are a by-product of the ceecec online handbook ecological economics from the bottom-up it was written by ceecec partners to. Capstone provides activities for a complete high school economics course 45 exemplary economics lessons help students learn to apply economic reasoning to. Absolute advantage a country has an absolute advantage if its output per unit of input of all goods and services produced is higher than that of.