abatement cost
The cost associated with reducing pollution levels from both production and consumption activities.
Ability and Earnings
The relationship between an individual's inherent abilities and their earnings potential.
Ability to Pay - Definition and Meaning
The principle that tax should fall on those who can afford to pay, where tax payments increase with income or assets of taxpayers.
Abnormal Obsolescence
Loss of value of an asset, capital equipment, or property due to unforeseen changes in techniques, tastes, or circumstances.
Absolute Advantage
The ability to produce an output using fewer inputs than other producers.
Absorption - Definition and Meaning
An in-depth look into the term 'absorption' within the context of national accounts and economic analysis.
Abstinence
Abstinence in economic context refers to refraining from or postponing consumption.
Abuse of Dominant Position
A comprehensive analysis of the term 'abuse of dominant position' within economics, mainly concerning anti-competitive business practices by market-dominant firms.
Accelerated Depreciation
An economic concept enabling firms to write down capital goods for tax purposes at a faster rate than normal depreciation, encouraging investment and allowing tax deferral.
Acceptance
Exploring the meaning and implications of acceptance in the context of a bill of exchange.