- Industry: Education
- Number of terms: 31274
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A description of the fractions of a population that are at various levels of income. The larger are the differences in income, the "worse" the income distribution is usually said to be, the smaller the "better. " International trade and factor movements can alter countries' income distributions by changing prices of low- and high-paid factors.
Industry:Economy
A tax levied on incomes of persons or corporations. International differences in income tax rates sometimes induce persons and corporations to relocate to lower-tax jurisdictions.
Industry:Economy
A quantitative measure, usually of something the measurement of which is not straightforward, such as an average of many diverse prices, or a concept such as economic development or human rights.
Industry:Economy
A numerical index, usually indicating, by comparison with a base value of 100, the size of the index relative to a base year or other benchmark for comparison. Thus, for example, a CPI of 115 in 2004 with a base year of 1999 means that prices have risen 15% from 1999 to 2004
Industry:Economy
A strategy for economic development that replaces imports with domestic production. It may be motivated by the infant industry argument, or simply by the desire to mimic the industrial structure of advanced countries. Contrasts with export promotion.
Industry:Economy
1. The edge. In economics it usually refers to the last (in terms of quantity, not of time) unit consumed or produced by a consumer or firm. 2. A gap between one number and another, such as a dumping margin or injury margin.
Industry:Economy
1. Loosely, the extra that you get in return for doing more of something. 2. Marginal product.
Industry:Economy
1. The belief that marginal analysis provides a useful theory of economic behavior. 2. The belief that economic value reflects marginal utility.
Industry:Economy
