- Industry: Education
- Number of terms: 31274
- Number of blossaries: 0
- Company Profile:
A project intended to increase a developing country's ability to produce in the future. Such projects are most commonly additions to the country's capital stock, but they may involve improvements in infrastructure, educational facilities, discovery or development of natural resources, etc.
Industry:Economy
1. A firm's product that is not identical to products of other firms in the same industry. Contrasts with homogeneous product. 2. Sometimes applied to products produced by a country, even though there are many firms within the country whose products are the same, if buyers distinguish products based on country of origin. This is called the Armington assumption.
Industry:Economy
1. Any reduction in price or value, especially when below a stated or normal price. 2. To buy or sell commercial paper at a price below face value to account for interest to accrue before maturity. 3. To attach a lower weight to the importance -- or utility derived from -- one thing compared to another, as in time preference that discounts later consumption compared to earlier.
Industry:Economy
1. The rate, per year, at which future values are diminished to make them comparable to values in the present. Can be either subjective (reflecting personal time preference) or objective (a market interest rate). 2. The interest rate that the Fed charges commercial banks for very short-term loans of reserves. One of the tools of monetary policy.
Industry:Economy
1. Inequality of supply and demand. 2. An untenable state of an economic system, from which it may be expected to change.
Industry:Economy
A good that can continue to be used over an extended period of time.
Industry:Economy
A changing pattern of comparative advantage over time due to changes in factor endowments or technology.
Industry:Economy
A set of equations that have been estimated by econometric methods and that are then used, together, to forecast the economy or to calculate effects of changes in the economy. Thus, an economic model whose equations are econometrically estimated.
Industry:Economy
Although there are many economic events that might be called crises, this term usually refers to a sudden drop in aggregate demand that, if prolonged, leads to recession.
Industry:Economy
A decision about an economic issue, most commonly about how to allocate resources among multiple purposes.
Industry:Economy
