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AIM, the International Association of Mutual Benefit Societies (Association Internationale de la Mutualité) represents health mutual benefit societies (mutuals) and health insurance funds in Europe and worldwide. [1] It was founded in 1950 [2] and is based in Brussels . Through its 61 members from 27 countries, health coverage is provided to ...
Balance of trade. Balance of trade is the difference between the monetary value of a nation's exports and imports over a certain time period. [1] Sometimes a distinction is made between a balance of trade for goods versus one for services. The balance of trade measures a flow variable of exports and imports over a given period of time.
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The term "balance of payments surplus" (or deficit – a deficit is simply a negative surplus) refers to the sum of the surpluses in the current account and the narrowly defined capital account (excluding changes in central bank reserves). Denoting the balance of payments surplus as BoP surplus, the relevant identity is.
Reserve army of labour is a concept in Karl Marx 's critique of political economy. [1] It refers to the unemployed and underemployed in capitalist society. It is synonymous with "industrial reserve army" or "relative surplus population", except that the unemployed can be defined as those actually looking for work and that the relative surplus ...
In Marxian economics, surplus value is the difference between the amount raised through a sale of a product and the amount it cost to manufacture it: i.e. the amount raised through sale of the product minus the cost of the materials, plant and labour power. The concept originated in Ricardian socialism, with the term "surplus value" itself ...
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Military surplus are goods, usually matériel, that are sold or otherwise disposed of when held in excess or are no longer needed by the military. Entrepreneurs often buy these goods and resell them at surplus stores. Usually the goods sold by the military are clothing, equipment, and tools of a nature that is generally useful to the civilian ...