Download e-book for iPad: Dictionary of Economics: Over 3,000 Terms Clearly Defined by P. H. Collin

By P. H. Collin

ISBN-10: 1408102218

ISBN-13: 9781408102213

Economics is the root of our day-by-day lives, no matter if we don't continuously realize it. if it is an evidence of ways organisations paintings, or humans vote, or buyers purchase, or governments subsidise, economists have tested facts and produced theories which might be checked opposed to practice.

This booklet goals to hide the most features of the research of economics which scholars might want to examine whilst learning for examinations at numerous degrees. The publication may also be worthy for the final reader who comes throughout those phrases within the monetary pages of newspapers in addition to in expert magazines.

The dictionary offers succinct factors of the 3,000 most often chanced on phrases. It additionally covers the numerous abbreviations that are frequently utilized in writing on financial topics. Entries also are given for well-liked economists, from Jeremy Bentham to John Rawls, with brief biographies and references to their theoretical works.
Where beneficial cross-references are given in order that the reader can discuss with different related entries.

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Extra resources for Dictionary of Economics: Over 3,000 Terms Clearly Defined

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Competitive tendering noun a system of choosing a supplier for goods or services, by asking companies to tender; normally the company offering the lowest price will be chosen complementary demand noun demand from consumers for two goods or services which are used together. Also called joint demand complementary goods, complementary products plural noun two goods which are consumed at the same time, such as frankfurters and rolls, so that the demand for one will increase if the price of the other falls.

Competitive tendering noun a system of choosing a supplier for goods or services, by asking companies to tender; normally the company offering the lowest price will be chosen complementary demand noun demand from consumers for two goods or services which are used together. Also called joint demand complementary goods, complementary products plural noun two goods which are consumed at the same time, such as frankfurters and rolls, so that the demand for one will increase if the price of the other falls.

It is based on a demand schedule. Also called market demand curve demand-deficient unemployment noun unemployment caused by the lack of demand in an economy demand deposit noun US an amount of money in an account which can be taken out when the account holder wants it by writing a cheque demand elasticity noun same as elasticity of demand demand for labour noun the need for workers in firms. It is dependent on the level of wages paid and on the sales of the product produced. If labour costs become too high, or the product does not sell, demand for labour will fall.

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Dictionary of Economics: Over 3,000 Terms Clearly Defined by P. H. Collin


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