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corporatisma system for managing income distribution andwage determination in that wage levels are determined centrally across industries or even
q what is corporationa corporation is a form of business established as an independent legal entity separate from individuals who own it a main
services and goods that are used for their ultimate end purpose meeting some human desire orneed consumption may include private consumption by
q describe consumer price indexconsumer price indexconsumer price index cpi is a measure of overall price level paid by consumers for various
conditionality international financial institutions such as world bank andinternational monetary fund usually attach strong conditions to emergency
comparative advantagea theory of international trade which originated with david ricardo in early 19th century and is maintained in revised form
q what is climate changeclimate changeas a consequence of cumulative emission of carbon dioxide a by-product of fossil fuel use and other chemicals
q describe classical economicsclassical economicstradition of economics which began with adam smith and continued with other theorists including
q central planning of economic systemcentral planning an economic system in that crucial decisions regarding consumption investment exchange rates
q explain function of central bankcentral bank a public financial institution generally established at the national level and controlled by a
carbon tax an environmental tax that is imposed on products that utilize carbon-based materials and thus contribute to greenhouse gas pollution
q explain abput capitalist classcapitalist classgroup of individuals which represents just a couple of percent of population in advanced capitalist
q describe about capitalismcapitalism an economic system in that privately-owned businesses and companies undertake most economic activity with the
capital gain a capital gain is a form of profit which is earned on an investment by re-selling an asset for more than it cost to buy assets that can
q explain about capital flightcapital flight a destructive process in that investors both domestic residents and foreigners withdraw their financial
q explain capital adequacycapital adequacy capital adequacy rules are loose regulations which are imposed on private banks in hope of ensuring that
capital broadly defined capital represents tools that people use when they work to make their work more efficient andproductive under capitalism
q explain about capacity utilizationcapacity utilization a company or economys capacity represents maximum amount of output it can produce rate of
q what do you mean by bondbond a financial security that represents promise of its issuer generally a company or a government to repay a loan over a
banks a company which accepts deposits and issues new loans it makes profit by charging more interest for loans than it pays on deposits and through
q explain about banking cyclean economic cycle that results from cyclical changes in the attitudes of banks toward lending risk when economic times
bank for international settlements an international financial regulatory organization based in switzerland bernethat designs international
q what do you mean by externalityan externality exists when the actions of one individual affect the wellbeing of other individuals without any
the monetary calculate of the welfare associated with the change in the provision of some good it is not to be confused with monetary value unless
economic instrumentsfinancial rewards incentives and penalties that operate automatically via market forces to encourage beneficial