Making a choice made normally involves a tradeoff in simple terms, choosing more of one thing means giving up something else in exchange. A costbenefit analysis of document management strategies used at a financial. A standard way that information is encoded for storage in a computer file. The purpose of this glossary of research terms is to help novice researchers in understanding basic research terminologies in educational research. Some have held, for example, that the intentional torturing or killing of an innocent person is morally impermissible no matter what bad con. Positive externality a production or consumption activity that provides a benefit to a third party not involved in the activity. In order to be such a professional, you need to sound and act like one a practitioner who can express themselves articulately to peers. Principles of economics aims to teach considerable range and depth of economic concepts through an approachable style and methodology. The concept is covered with a heads up to ward off confusion, a realworld.
Macroeconomicsglossary wikibooks, open books for an. Pdf documents involve a wide range of technical areas which this glossary seeks to explain. The contributions are taxdeferred until retirement withdraws occur. Each file type has a different file format examples. Portable document format pdf a universal file format that preserves a documents original data and formatting for multiplatform use. A glossary of technical terms on the economics and finance of health services by. Aged debtors report an aged debtors report lists amounts owed to a business by trade debtors and analyses how long the amounts have been due. Circular flow the circular flow of income is a diagrammatic representation of economic activity in a given time period. Both a way of life and a means of life for the people involved in. It identifies the main sectors in the economy households, firms the government and overseas and linkages between sectors e. Fixed assets also known as longterm assets are things that have a useful life of more than one year, for example buildings and machinery. Positive economics an approach to economics that attempts to understand the behavior of firms and households without making ethical judgments.
Note that definitions are specific to the smithsonian institution. Working on this glossary, we went through many authoritative glossaries to pick up the useful contemporary words for the readers of this. Budget surplus this financial situation occurs if a government plans to spend more than it forecasts to earn in tax revenues over the financial year. The economist offers authoritative insight and opinion on international news, politics, business, finance, science, technology and the connections between them. The definition set out at the turn of the twentieth century by alfred marshall, author of the principles of economics, reflects the complexity underlying economics. Automatic stabilizers a type of fiscal policy that acts to stabilize real gdp without active involvement from the government.
This glossary of economics is a list of definitions of terms and concepts used in economics, its subdisciplines, and related fields. The original glossary, assessment terminology, was published in 1937, shortly after the founding of the national association of assessing officers. Aggregate supply as measures the volume of goods and services produced within the economy at a given price level. It studies how individuals, businesses, governments and nations make choices on. Therefore, it is not necessary to use empirical evidence but rely on the axioms being true. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Budget set different bundles of goods and services that are attainable to the consumer at given market prices and the consumers fixed level of income. It also lists creditors who have been owed money for the longest period. A corporation can own property and borrow and can be sued in court. Glossary of economic terms visitbritain terms defined are in bold and crossreferences to definitions elsewhere in the glossary are in italics. This glossary provides in one place a list of key terms with simple explanations of the ways in which they are technically used. Using vocabulary in business and economics as a business and economics student, it is important you see yourself as a developing professional in your particular discipline. Page orientation is longer than it is widelike the portrait of a person.
Directors board of directors sets company policy, meets. A parcel of land, containing 4,840 square yards or 43,560 square feet. Glossary adam smith 1723 1790 regarded as the father of modern economics. Apply knowledge and understanding using appropriate terms, concepts, theories and methods effectively to address. Though claiming to be basic, this glossary covers a surprising range of economics related words, names and phrases, with short entries. Tap series and the tap series logo are registered trademarks of tap series. If one person, firm or country can produce more of something with the same amount of effort and resources, they have an absolute advantage over other producers. Create custom, printable flashcards appropriate for your grade level.
It is hoped that the glossary will become a practical aid for policymakers and others engaged in reform of health services. A record that holds the results of financial transactions. Glossary of financial terms aegis school of business and. This book is intended for a twosemester course in economics taught out of the social sciences or business school. Economics the study of how a given society allocates scarce resources to meet or satisfy the unlimited wants and need of its members. Glossary for property international association of. Pdf on jan 1, 2001, coskun can aktan and others published glossary of economics terms find, read and cite all the research you need on. It is comprehensive and includes many figures, although, by his own admission, is biased towards international trade terms although international finance terms are also covered. This glossary is for anyone who wants and needs to learn the terms related to the field of money and banking. Terms of trade and other wonders this is a glossary for terms used in international economics, maintained by alan deardorff. This glossary contains nontechnical descriptions of all the terms in economics for everyone that are highlighted in small capitals.
Complete economics dictionary complete economics dictionary. Copenhagen, world health copenhagen, world health organization regional office for europe, 1998. This trilingual glossary english, french, spanish was developed by the. This site is like a library, use search box in the widget to get ebook that you want. Effective december 2, 2002, carriers andor automated nvoccs nonvessel operating common carrier must submit a cargo declaration 24 hours before cargo is loaded aboard the vessel at a foreign port.
Economics, therefore, is a social science, which examines people behaving according to their selfinterests. Morgan asset managements glossary of investment terms, which is a valuable resource especially if youre new to investing. Whether it is an explanation of how firms work, or people vote, or customers buy, or governments subsidise, economists have examined evidence and produced theories which can be checked against practice. Italicized terms within the definitions are themselves defined elsewhere in the glossary, for crossreference. The equation that is the basis of the balance sheet. A type of retirement plan which is sponsored by an employer and in which the employer may match a portion of the employees contributions.
Download this document for economics i english microeconomics at technische universitat munchen for free and find more useful study materials f. The utilization of biological processes on farms to produce food and other products useful and necessary to man. This glossary contains nontechnical descriptions of all the terms in economics for everyone highlighted in small capitals. Browse our glossary of economics and personal finance terms. This glossary of economics is a list of definitions of terms and concepts used in economics. Glossary of important business, economic, and financial history terms by robert e. Economics is a social science concerned with the production, distribution and consumption of goods and services. Economics is the basis of our daily lives, even if we do not always realise it. Below youll find a list of terms and their definitions to common ebook terms. Click download or read online button to get economics for csec book now.
Assets things that have earning power or some other value to their owner. Glossary of business terms adjective adj headwords for adjectives followed by information in square brackets only before a noun and not before a noun show any restrictions on where they can be used. The bis is governed by government appointees from the worlds largest capitalist economies. Noun n the codes c and u show whether a noun, or a particular sense of a noun, is countable an agenda, two agendas or uncountable. The glossary also includes broader economic concepts relevant to health economics and the economics of development, where these are particularly pertinent. Glossaries of economic terms in principles general the. A glossary of microeconomics terms abundance a physical or economic condition where the quantity available of a resource exceeds the quantity desired in the absence of a rationing system. When downloaded data is temporarily stored on your computer or mobile device, it speeds up retrieval the next time you want the same data e. Complete economics dictionary to earn in tax revenues over the financial year. Essential as economics glossary sukromne gymnazium. The most comprehensive investing glossary on the web. Glossary health systems strengthening bibliography.
Mar 18, 20 this glossary of economic terms has been put together by ken rea of the university of toronto, to support his teaching. Glossary of records and archival terminology published by the society of. An a priori argument is one where certain basic principles are assumed to be true. File conforming to the forms data format containing. Wright, director of the thomas willing institute for the study of financial markets, institutions, and regulations and the nef family chair of political economy, augustana college sd this work is not ed. Glossary of economic terms optimal economics march 2015 optimal economics ltd 1 st colme. Budget surplus this financial situation occurs if a government plans to spend more than it forecasts to. Glossary of economic terms united for a fair economy. For example, during a recession government expenditures go up unemployment and welfare payments but they go down during an expansion. The ilo applies the oecddac criteria for evaluating development assistance. An actual budget deficit occurs if actual public spending exceeds actual tax revenues. Glossary of international shipping terms a8a manifest a form issued by a licensed customs broker which allows ccra to monitor in bond shipments as they move through canada. Employment a measure of those individuals in the labor force working, at least one hour per week, for pay. Tax dictionary a glossary of useful tax terms and definitions to help you understand taxes and tax concepts.
Sep 12, 2009 oecd economics glossary englishfrench anglaisfrancais pdf absence of waste for. Economics for csec download ebook pdf, epub, tuebl, mobi. Absolute advantage this is the simplest yardstick of economic performance. Demonstrate knowledge and understanding of the specified subject content.
It has been compiled as an annotated text, building on material from a variety of sources and adapting it to the field of economics and finance of health services. Records management glossary of terms this glossary provides definitions for many of the archival and records management terms found on this website. The authors take a threepronged approach to every chapter. See also day books, double entry, journals, ledgers, single entry accounts n. Automatic stabilisers under certain spending and tax rules, expenditures that automatically increase or taxes that automatically. Poverty defined with respect to an absolute material standard of living. A file format that provides an electronic image of textor text and graphicsthat looks like a printed document and can be viewed, printed, and electronically sent. Dictionary of economic terms edited by edward robert raupp and danna. A glossary of macroeconomics terms the accelerator a parameter that defines the relationship between national income and required capital stock. Aggregate monetary resources broad money without time deposits of post office savings organisation m3. A glossary of macroeconomics terms digital economist. Financial economics basic terminology corporate structure a corporation has legal rights somewhat like a person.
An asset anything of value owned by an individual, institution or economic agent. Glossary of international trade terms 24 hour rule. Glossary of economic terms administrative regulations. Stockholders own company, shares show fraction of company owned, one vote per share. Economics glossary of terms for use with the crossword puzzle asset anything of value owned by an individual or a corporation i. Because wants are unlimited but resources are finite, choice is an unavoidable issue in economics.
Assessment objectives this economics specification requires candidates to. Process by which many regions of the world have become increasingly interconnected in terms of economics, culture, and financial services as a result of modern communications technology. A glossary of microeconomics terms digital economist. Glossary of key terms in evaluation and resultsbased management pdf, 158 kb. Index u20 a statistical yardstick expressed in terms of percentages of a base year or years. Terms defined are in bold and crossreferences to definitions elsewhere in the glossary. The dictionary gives succinct explanations of the 3,000 most frequently found terms. Glossary of philosophical terms z absolutism the view that there are some types of action that are strictly prohibited by morality, no matter what the specific facts are in a particular case.
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