Tooltip Categories: Economics & Finance

minimum income

System of social welfare provision that guarantees that all citizens or families have an income sufficient to live on, provided they meet certain conditions. (source:

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minimum wage

Minimum wages reduce working poverty and protect vulnerable workers. Their levels reflect both the needs of workers and the prevailing economic conditions and level of

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minutes

A summarized record of the points discussed at a meeting. (source:  wordreference.com )

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Millennium Development Goals [MDG]

The eight Millennium Development Goals (MDGs) – which range from halving extreme poverty rates to halting the spread of HIV/AIDS and providing universal primary education,

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microsaving

Branch of microfinance, consisting of a small deposit account offered to lower income families or individuals as an incentive to store funds for future use.

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microfinance institution [MFI]

A financial institution specializing in banking services for low-income groups or individuals. A microfinance institution provides account services to small-balance accounts that would not normally

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microinsurance

Microinsurance typically refers to insurance products designed for the low-income individuals. The word ‘micro’ represents the relatively small transaction size or lower premiums, a concept

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micromortgage

The micromortgage is a small mortgage loan offered by microfinance institutions to micro-entrepreneurs clients who got a stable income and want to buy a house.

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microfranchising

Microfranchising is an innovative, new development tool that follows in the footsteps of microfinance and microcredit. Is a business model that applies elements and concepts

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