Money and wealth. The means to acquire goods and services, especially in a non-barter system. The uppermost part of a column. Money and wealth; the means to acquire goods and services, especially in a non-barter system. Already-produced durable goods available for use as a factor of production, such as steam shovels (equipment) and office buildings (structures).
socio-economic system based on the abstraction of resources into the form of privately-owned money, wealth, and goods, with economic decisions made largely through the operation of a market unregulated by the state. A socio-economic system based on private property rights, including the private ownership of resources or capital, with economic decisions made largely through the operation of a market unregulated by the state.
The resulting state of working together; cooperation; synchronization.
A group of individuals, created by law or under authority of law, having a continuous existence independent of the existences of its members, and powers and liabilities distinct from those of its members.
A period of major economic contraction; officially, four consecutive quarters of negative, real GDP growth (according to NBER). In psychotherapy and psychiatry, a period of unhappiness or low morale which lasts longer than several weeks and may include ideation of self-inflicted injury or suicide.
An economic system is the combination of the various agencies, entities (or even sectors as described by some authors) that provide the economic structure that defines the social community.
Collective focus of the study of money, currency and trade, and the efficient use of resources. The system of production and distribution and consumption. The overall measure of a currency system; as the national economy.
The work or occupation for which one is used, and often paid.
A company, business, organization, or other purposeful endeavor.
Government policy that attempts to influence the direction of the economy through changes in government spending or taxes. In economics and political science, fiscal policy is the use of government revenue collection or taxation, and expenditure (spending) to influence the economy.
The identification and categorization of processes or steps that constitute a complex task or mindset in order to render explicit the tacit and implicit. A basic conceptual structure.
A desired result that one works to achieve.
An object produced for market.
Something that motivates, rouses, or encourages. It is used to motivate individuals (often, employees) for better performance by providing financial or other types of rewards. An anticipated reward or aversive event available in the environment. Something that motivates an individual to perform an action.
The sector of the economy consisting of large-scale enterprises.
In economics, inflation is a rise in the general level of prices of goods and services in an economy over a period of time. An increase in the general level of prices or in the cost of living. An increase in the quantity of money, leading to a devaluation of existing money.
The placement or expenditure of capital in expectation of deriving income or profit from its use.
A group of potential customers for one's product. One of the many varieties of systems, institutions, procedures, social relations and infrastructures whereby parties engage in exchange.
The process by which the monetary authority of a country controls the supply of money, often targeting a rate of interest for the purpose of promoting economic growth and stability. The process by which the government, central bank, or monetary authority manages the supply of money, or trading in foreign exchange markets.
An economic system in which government directly manages supply and demand for goods and services by controlling production, prices, and distribution in accordance with a long-term design and schedule of objectives.
The act of formulating a course of action, or of drawing up plans.
All organizations in an economy or jurisdiction that are not controlled by government, including privately owned businesses and not-for-profit organizations.
Industries or services provided or funded by the government.
A law or administrative rule, issued by an organization, used to guide or prescribe the conduct of members of that organization. Can specifically refer to acts in which a government or state body limits the behavior of businesses. A regulation is a legal provision that creates, limits, or constrains a right; creates or limits a duty; or allocates a responsibility.
The extent of the area or subject matter that something deals with or to which it is relevant. The breadth, depth, or reach of a subject; a domain. The breadth, depth or reach of a subject; a domain.
That which is produced, then traded, bought or sold, then finally consumed and consists of an action or work.
A political philosophy based on principles of community decision making, social equality, and the avoidance of economic and social exclusion, with preference to community goals over individual ones. Any of various economic and political philosophies that support social equality, collective decision-making, distribution of income based on contribution and public ownership of productive capital and natural resources, as advocated by socialists. The intermediate phase of social development between capitalism and full communism. This is a strategy whereby the state has control of all key resource-producing industries and manages most aspects of the economy, in contrast to laissez-faire capitalism.
Something used as a measure for comparative evaluations A level of quality or attainment.
A whole composed of relationships among the members. The part of the universe being studied, arbitrarily defined to any size desired.
A system of government-imposed duties levied on imported or exported goods; a list of such duties, or the duties themselves.