Tooltip Categories: Economics & Finance

economy of scale

In microeconomics, economies of scale are the cost advantages that enterprises obtain due to size, with cost per unit of output generally decreasing with increasing

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effective interest rate [EIR]

The interest rate on a loan or financial product restated from the nominal interest rate as an interest rate with annual compound interest payable in

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electronic banking

Banking transactions conducted through computerized systems, as electronic funds transfer by automated-teller machines, intended to speed operations, reduce costs, etc. https://www.dictionary.com/browse/electronic-banking

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economic indicator

An economic indicator is simply any economic statistic, such as the unemployment rate, GDP, or the inflation rate, which indicate how well the economy is

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economic profit

For a period the economic profit is the amount earned by a business after deducting the operating expenses and a charge for the opportunity cost

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economic recovery

The phase of the business cycle following a recession, during which an economy regains and exceeds peak employment and output levels achieved prior to downturn.

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economic revival

New phase of development and economic expansion after a period of crisis. https://glosbe.com/en/en/economic%20revival

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economic scenario

Description of future circumstances, imagined on the basis of past and present specific data, uncertainties, and assumptions.

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economic sector

The classical breakdown of all economic sectors: Primary: Involves the retrieval and production of raw materials, such as corn, coal, wood and iron. (A coal

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economic system

A system for producing, distributing and consuming goods and services, including the combination of the various institutions, agencies, consumers, entities (or even sectors as described

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