- Industry: Education
- Number of terms: 31274
- Number of blossaries: 0
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A firm whose business consists mainly of international trade: buying goods in one country and selling them in another, thus both exporting and importing. Same as export-import company.
Industry:Economy
1. The amount of money (nominal or real) received by a person, household, or other economic unit per unit time in return for services provided or goods sold. 2. National income. 3. The return earned on an asset per unit time.
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 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
1. Referring to a single firm or industry, the rise in cost of production that occurs when output is increased by expanding variable inputs while holding some fixed input constant. A corollary of the Law of Diminishing Returns. 2. In general equilibrium, increasing opportunity cost.
Industry:Economy
A means of representing the preferences and well being of consumers. Formally, it is a curve representing the combinations of arguments in a utility function that yield a given level of utility.
Industry:Economy
1. The portion of an economy that produces a particular related group of products; e. G. , the motor vehicle industry, the tourism industry, the mining industry. A list of industries might well include agriculture. 2. One of three main sectors of an economy, the other two being the agriculture and service sectors. Industry in turn includes mining and manufacturing.
Industry:Economy
A good the demand for which falls as income rises. The income elasticity of demand is therefore negative.
Industry:Economy
