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Tooltip Tags: economy

land reform

The changing of laws, regulations or customs regarding land ownership. (source: https://en.wikipedia.org/wiki/Land_reform)

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keynesian economics

An economic theory stating that active government intervention in the marketplace and monetary policy is the best method of ensuring economic growth and stability. (source:

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international monetary system [IMS]

Sets of internationally agreed rules, conventions and supporting institutions, that facilitate international trade, cross border investment and generally the reallocation of capital between nation states.

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input (economy)

A component of production (as land, labor, or raw materials) (source: http://www.merriam-webster.com/dictionary/input

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industrial revolution

The transition to new manufacturing processes in the period from about 1760 to some time between 1820 and 1840. (source: http://en.wikipedia.org/wiki/Industrial_Revolution)

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informal sector

That part of an economy that is not taxed, monitored by any form of government, or included in any gross national product (GNP), unlike the

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gross domestic product [GDP]

The market value of all officially recognized final goods and services produced within a country in a given period of time. (source: https://en.wikipedia.org/wiki/Gross_domestic_product)

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fourth world

Sub-populations socially excluded from global society. (source: http://en.wikipedia.org/wiki/Fourth_World)

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fiat money

Currency that a government has declared to be legal tender, but is not backed by a physical commodity. (source: http://www.investopedia.com/terms/f/fiatmoney.asp)

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