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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 ...
Trickle-up economics (also known as bubble-up economics) is an economic policy proposition that final demand among a broad population can stimulate national income in an economy. The trickle-up effect states that policies that directly benefit lower income individuals will boost the income of society as a whole, and thus those benefits will ...
The abbreviation e.g. stands for the Latin exempli gratiā "for example", and should be used when the example(s) given are just one or a few of many. The abbreviation i.e. stands for the Latin id est "that is", and is used to give the only example(s) or to otherwise qualify the statement just made.
Keynesian economics advocates the use of automatic and discretionary countercyclical policies to lessen the impact of the business cycle. One example of an automatically countercyclical fiscal policy is progressive taxation. By taxing a larger proportion of income when the economy expands, a progressive tax tends to decrease demand when the ...
The word economy has been used in different ways in linguistics and sometimes only refers to parsimony (or notational parsimony, e.g., Louis Hjelmslev).Grammatical efficiency (John A. Hawkins) is another single-principle concept relating to sentence processing; and economy in generative grammar refers simultaneously to notational parsimony and syntactic processing.
Reflation is used to describe a return of prices to a previous rate of inflation. One usage describes an act of stimulating the economy by increasing the money supply or by reducing taxes, seeking to bring the economy (specifically the price level) back up to the long-term trend, following a dip in the business cycle.
In economics a trade-off is expressed in terms of the opportunity cost of a particular choice, which is the loss of the most preferred alternative given up. [2] A tradeoff, then, involves a sacrifice that must be made to obtain a certain product, service, or experience, rather than others that could be made or obtained using the same required resources.
An example, in English, of boustrophedon as used in inscriptions in ancient Greece (Lines 2 and 4 read right-to-left.) Boustrophedon (/ ˌ b uː s t r ə ˈ f iː d ən / [1]) is a style of writing in which alternate lines of writing are reversed, with letters also written in reverse, mirror-style. This is in contrast to modern European ...