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The oil and gas industry uses many acronyms and abbreviations. This list is meant for indicative purposes only and should not be relied upon for anything but general information. This list is meant for indicative purposes only and should not be relied upon for anything but general information.
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
BSR may refer to: Backslash-R, a class of options in Perl Compatible Regular Expressions; Basrah International Airport, IATA code; Vasai Road railway station, Mumbai ...
Welfare economics is a branch of economics that uses microeconomic techniques to evaluate economic well-being, especially relative to competitive general equilibrium, with a focus on economic efficiency and income distribution. [13] In general usage, including by economists outside the above context, welfare refers to a form of transfer payment ...
Economists may regard the manufacture of vehicles as a foundational industry and as a bellwether industry. [1] In macroeconomics, an industry is a branch of an economy that produces a closely related set of raw materials, goods, or services. [2] For example, one might refer to the wood industry or to the insurance industry.
Amber Heard is expanding her family.. The Aquaman actress, 38, is expecting her second baby, PEOPLE can exclusively confirm. A spokesperson for Heard says, "It is still quite early in the ...
President for 24 years, Assad flew out of Damascus for an unknown destination early on Sunday, two senior army officers told Reuters. Rebels declared the city "free of the tyrant Bashar al-Assad".
The break-even point (BEP) in economics, business—and specifically cost accounting—is the point at which total cost and total revenue are equal, i.e. "even". In layman's terms, after all costs are paid for there is neither profit nor loss.