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A sketch of a boot. The Sam Vimes "Boots" theory of socioeconomic unfairness, often called simply the boots theory, is an economic theory that people in poverty have to buy cheap and subpar products that need to be replaced repeatedly, proving more expensive in the long run than more expensive items.
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Metaphorically, shoe leather cost is the cost of time and effort (or opportunity costs of time and effort) that people expend by holding less cash in order to reduce the inflation tax that they pay on cash holdings when there is high inflation.
As soft as a leather glove may be, its pores and grain provide a level of friction when "gripped" against an item or surface. A common use for leather gloves is sporting events. In baseball, a baseball glove is an oversized leather glove with a web used for fielding the ball. Leather gloves are also used in handball, cycling, and American football.
"Taiwan matters far more to the world economy than its 1% share of global GDP would indicate," Gareth Leather, Senior Economist in the Emerging Asia team at Capital Economics, wrote in a note.
Fiscal space is the flexibility of a government in its spending choices, and, more generally, to the financial well-being of a government. [1] Peter Heller (2005) defined it “as room in a government’s budget that allows it to provide resources for a desired purpose without jeopardizing the sustainability of its financial position or the stability of the economy.” [2]
The timing of retirement. Sometimes the decision to retire is a regret. About one-third of retirees regretted not working longer, according to Olivia Mitchell, co-author of a paper published in ...
Mufasa was one of James Earl Jones' most iconic roles, and from the start, Disney's new "Lion King" movie pays tribute to his legacy.