- Industry: Economy; Printing & publishing
- Number of terms: 15233
- Number of blossaries: 1
- Company Profile:
Úrok vypočítaný na základe pôvodného požičané, alebo investovaného množstva. Jeho opakom je zložitý úrok.
Industry:Economy
Konkrétne vysvetlenie socializmu je veľmi diskutabilné. Avšak teoreticky socializmus zahŕňa kolektívne vlastníctvo prostriedkov výroby a silný dôraz na rovnosť istého druhu.
Industry:Economy
The fruit of economic activity: whatever is produced by using the factors of production.
Industry:Economy
A geographical area within which it would pay to have a single currency. An optimal currency area can come in many sizes. Some may span several countries and others may be smaller than an individual country. The benefits of having one currency are lower foreign exchange and currency hedging costs and more transparent pricing (because every price is expressed in the same currency). But unless the single currency is used within an optimal currency area, these benefits may be dwarfed by the costs. A single currency means a single monetary policy and no opportunity for one part of the currency area to change its exchange rate with the other parts. This can be a big problem if a country or region is likely to suffer from asymmetric shocks that affect it differently from the rest of the single-currency area, because it will no longer be able to respond by loosening its national monetary policy or devaluing its currency. This may not be an insuperable problem if workers in the affected country are able and willing to move freely to other countries; if wages and prices are flexible and can adjust to the shock; or if fiscal policy can shift resources to areas hurt by a shock from areas that are not hurt. For a currency area to be optimal, ideally asymmetric shocks should be rare, implying that the economies involved are on similar business cycles and have similar structures. Moreover, the single monetary policy should affect all the constituent parts in the same way (an interest rate cut should not, say, reduce unemployment in one part and increase inflation in another). There should be no cultural, linguistic or legal barriers to labor mobility across frontiers; there should be wage flexibility; and there should be some system for transferring resources to regions that are suffering. In practice, few of the parts of the world that have a single currency are optimal currency areas, probably including the Euro zone, although having a single currency often makes them become gradually more alike and thus more optimal.
Industry:Economy
A statement that is being put to the test. In econometrics, economists often start with a null hypothesis that a particular variable equals a particular number, then crunch their data to see if they can prove or disprove it, according to the laws of statistical significance. The null hypothesis chosen is often the reverse of what the experimenter actually believes; it may be put forward to allow the data to contradict it.
Industry:Economy
In 1993, the United States, Mexico and Canada agreed to lower the barriers to trade among the three economies. The formation of this regional trade area was opposed by many politicians in all three countries. In the United States and Canada, in particular, there were fears that NAFTA would result in domestic job losses to cheaper locations in Mexico. In the early years of the agreement, however, most studies found that the economic gains far outweighed any costs.
Industry:Economy
Economics that tries to change the world, by suggesting policies for increasing economic welfare. The opposite of positive economics, which is content to try to describe the world as it is, rather than prescribe ways to make it better.
Industry:Economy
When average income increases, the demand for normal goods increases, too. The opposite of inferior goods.
Industry:Economy
