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BSR – blind shear rams (blowout preventer) BSML – below sea mean level; BS&W – basic sediments and water; BT – buoyancy tank; BTEX – benzene, toluene, ethyl-benzene and xylene; BTHL – bottom hole log; BTO/C – break to open/close (valve torque) BTU – British thermal units; BTU – Board of Trade Unit (1 kWh) (historical) BU ...
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 ...
FNF – Full and Final; FOB – Freight On Board; FOMC – Federal Open Market Committee; FOC – Free Of Cost; FP&A – Financial Planning & Analysis; FPO – Follow-on Public Offer; FSA – Financial Services Authority; FTE – Full-Time Equivalent; FV – Future Value; FX – Foreign exchange market; FY – Fiscal year or Financial year; FYA ...
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 ...
The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".
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.
Industry classification or industry taxonomy is a type of economic taxonomy that classifies companies, organizations and traders into industrial groupings based on similar production processes, similar products, or similar behavior in financial markets.