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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 ...
Economists commonly use the term recession to mean either a period of two successive calendar quarters each having negative growth [clarification needed] of real gross domestic product [1] [2] [3] —that is, of the total amount of goods and services produced within a country—or that provided by the National Bureau of Economic Research (NBER): "...a significant decline in economic activity ...
An event with a volatility level of two is expected to impact the markets moderately, depending on other factors (e.g. other market-moving events, political factors, news items, etc.). An event with a volatility level of three is expected to have a significant impact on the markets. Highly volatile events are often the most closely monitored.
August's birthstones are the peridot, sardonyx, and spinel. [9] Its birth flower is the gladiolus or poppy , meaning beauty, strength of character, love, marriage and family. [ 10 ] The Western zodiac signs are Leo (until August 22) and Virgo (from August 23 onward).
James Stuart (1767) authored the first book in English with 'political economy' in its title, explaining it just as: . Economy in general [is] the art of providing for all the wants of a family, so the science of political economy seeks to secure a certain fund of subsistence for all the inhabitants, to obviate every circumstance which may render it precarious; to provide everything necessary ...
August 2. National Coloring Book Day. National Ice Cream Sandwich Day. August 3. Clean Your Floors Day. National Watermelon Day. August 4. National Chocolate Chip Cookie Day. National White Wine ...
August 10 – Jay Cooke, American financier (d. 1905) August 16 – Arthur Cayley, English mathematician (d. 1895) August 21 – Louis Vuitton, French fashion designer (d. 1892) August 31 – Hermann von Helmholtz, German physician and physicist (d. 1894) September 21 – Andrei Alexandrovich Popov, Russian admiral (d. 1898)
The major event of the year for the United States was the stock market crash on Wall Street, which was to have international effects and be widely regarded as the inciting incident of the Great Depression. On September 3, the Dow Jones Industrial Average (DJIA) peaked at 381.17, a height it would not reach again until November 1954.