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6 lip 2021 · This fourth edition of the popular and bestselling Collins Dictionary of Economics has been thoroughly revised for the new millennium, and is a valuable reference book not just for students of economics, but for anyone studying economics as part of a business or social science course
Capitalism: An economic system in which privately-owned companies and businesses undertake most economic activity (with the goal of generating private profit), and most work is performed by employed workers who are paid wages or salaries.
An authoritative and comprehensive dictionary containing 2,500 key economic terms with clear, concise definitions. It covers all aspects of economics including economic theory, applied microeconomics and macroeconomics, labour economics, public economics and public finance, monetary economics, environmental economics, and many others.
9 gru 2020 · Dictionary of economics. Contains over 3,000 terms explained in clear, simple language. Topics covered include inflation, exchange rates, macroeconomics, important economists, theories, policies, principles, rules and laws.
An economic model in international trade that illustrates a situation where a government can subsidize domestic firms to help them in their competition against foreign producers and in doing so enhances national welfare.
A concept at the heart of economics. Firms compete to sell the best goods and services to consumers, and to attract the best workers. The aim is to allocate resources in the most efficient manner.
domestic expenditure on goods and services. There will only be an improvement in a country’s balance of payments if its total output is greater than its absorption of its own output.
