Farm Subsidies
An overview of farm subsidies, their purposes, forms, and implications.
Fairness
An in-depth analysis of the concept of fairness in economics, along with its theoretical applications and implications.
Fisher's Ideal Price Index
An economic indicator calculated as the geometric mean of the Laspeyres and Paasche price indices for measuring price changes.
floor
In trade cycle theory, the lowest level of real national product during the slump phase of a trade cycle.
Fractional Reserve Banking
A banking system wherein banks keep a fraction of their deposit liabilities as reserves in cash or highly liquid assets to meet their obligations.
Fixed Factors
Definition and meaning of fixed factors in economics, including their role in various time horizons of production.
Forward Exchange Rate
Exchange rate quoted for delivery and payment on a specified future date.
Factor Price Equalization
A theorem that asserts international trade will equalize the prices of production factors across countries.
Fixed Exchange Rate
An economics term defining a system where a country’s exchange rate remains constant relative to a benchmark currency or basket of currencies.