- Industry: Education
- Number of terms: 31274
- Number of blossaries: 0
- Company Profile:
1. A share in the ownership of a corporation. 2. A stock, or stock variable, is an economic magnitude that describes a quantity that exists at a point in time. Examples include a country's international reserves, a consumer's wealth, and a country's labor force. Contrasts with a flow.
Industry:Economy
1. The proposition of the Heckscher-Ohlin Model that a rise in the relative price of a good raises the real wage of the factor used intensively in that industry and lowers the real wage of the other factor. 2. The further proposition (requiring addition assumptions) that protection raises the real wage of a country's scarce factor and lowers the real wage of its abundant factor. Due to Stolper and Samuelson (1941).
Industry:Economy
1. A permanent change in the structure of an economy, such as a shift in preferences or technology, that causes a permanent change in relative sizes of various industries and a consequent reallocation of labor among them. 2. In econometric time series, a change at some time in the parameters that generate the series.
Industry:Economy
A 1990 agreement between the United States and Japan to reduce their bilateral trade imbalance. Among other commitments, the U. S. Promised to reduce its budget deficit and encourage saving, while Japan promised to increase spending and facilitate entry of new businesses.
Industry:Economy
A firm that is owned and ultimately controlled by another firm. Thus a multinational corporation has a parent in once country and one or more subsidiaries in others.
Industry:Economy
A payment by government, perhaps implicit, to the private sector in return for some activity that it wants to reward, encourage, or assist. Under WTO rules, subsidies may be prohibited, actionable, or non-actionable.
Industry:Economy
1. Literally, a farmer who produces mostly only for the consumption of the farmer's own household. 2. The term also seems to be used for farmers who grow a crop to sell, but whose income from doing so barely allows them to survive. When trade or trade policy is said to hurt subsistence farmers, it must be under this definition.
Industry:Economy
A large negative swing in capital inflows, such as emerging markets especially may be subject to if they have financed current account deficits with short term borrowing. Term is due to Calvo (1998).
Industry:Economy
A cost that has already been incurred and cannot be reversed, which therefore cannot be avoided by current or future action. Sunk costs should therefore be irrelevant to current decisions.
Industry:Economy
