- Industry: Education
- Number of terms: 31274
- Number of blossaries: 0
- Company Profile:
1. An entity within the economy that makes economic decisions and engages on economic activity. Used to refer to individual consumers, households, and firms. 2. One who acts on behalf of someone else. 3. In Principal-Agent Theory, the person whose job it is to act to the benefit of someone else (the principal), but who may require some incentive to do so.
Industry:Economy
A good that is produced by agriculture. Contrasts with manufactured good.
Industry:Economy
An assignment of economic resources to uses. Thus, in general equilibrium, an assignment of factors to industries producing goods and services, together with the assignment of resulting final goods and services to consumers, within a country or throughout the world economy.
Industry:Economy
An addition to the US program of trade adjustment assistance, enacted in 2002, that provides wage insurance for a limited group of older workers.
Industry:Economy
A document filed in a legal proceeding by an interested party who is not directly part of the case. In the WTO an issue has been whether to permit dispute settlement panels to accept such submissions, especially from NGOs.
Industry:Economy
A complaint by a domestic producer that imports are being dumped, and the resulting investigation and, if dumping and injury are found, anti-dumping duty.
Industry:Economy
A rise in the value of a country's currency on the exchange market, relative either to a particular other currency or to a weighted average of other currencies. The currency is said to appreciate. Opposite of "depreciation. "
Industry:Economy
A combination of transactions designed to profit from an existing discrepancy among prices, exchange rates, and/or interest rates on different markets without risk of these changing. Simplest is simultaneous purchase and sale of the same thing in different markets, but more complex forms include triangular arbitrage and covered interest arbitrage.
Industry:Economy
A reason given (not necessarily a good one) for restricting imports by tariffs and/or NTBs.
Industry:Economy
A free trade area announced in 1992 among the ASEAN countries that is in the process of being implemented. It does not quite meet the the normal definition of an FTA, however, in that tariffs on imports from members are not necessarily zero, but rather given by the common effective preferential tariff.
Industry:Economy
