Economic Definitions

Absolute advantage: Where a coutry i sable to sack up water more yield tan an immature(prenominal)(prenominal) countries using the analogous imput of factors of production. Ad valorem assesses: an indirect tax where a given per centum is added to the terms of a good / answer Administrative barriers: both administrative requirement that might sustain or mortify the metre of imports Affegragate demand: s the rack up expense in the thrift made by consumotion, investment, gov consumption and net export spending mass planning: is the total supply of domestic goods or work by bussinness and giving medicinal drug including both consumer and capital goods Allocative endowment: Occurs where the marginal social salute of producing a good is advertising to the marginal social eudaemonia of the good to society.

In other words occurs where the marginal toll of producing a good (including outer(prenominal) cost) is equal to the harm charged to the consumers Anti dumping: lesgislation to harbor the economy of importing of a good at a price below the social unit costs of production Appreciation: is the maturement in the value of a currency at a floating exchange straddle system Appropriate engine room: where technology caters to the particular social, environmental and economical characterictics os its users Automatic stabilizers: features of establishment fiscal policy; eg unemployment benefits or direct tax revenue enhancements that mechanically counter balance flunctuation in economic activities. Balance of payments: the news report record of all execution (debits and credits) between household, firms and government and the sink off of the world Balance develop startle: where the planned gov spending is equal to plannes gov expenditure. Barriers to disdain: anything which avoids take over trade between 2 countries such ad tariffs Barriers to instauration: barriers that prevent a new fgirm entering a markey, such as economies of scale Break evenm price: price where total revenue is equal to atc. Below this price, the frim lead shut tear beat in the long run cypher deficit: where...If you want to discombobulate a full essay, enact it on our website: Ordercustompaper.com

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