IOU
An unsecured promise to pay; it stands for ‘I owe you’.
Import Propensity
An exploration of the proportion of national income spent on imports.
Industrial Dispute
A disagreement between employees and employers concerning pay, hours of work, working conditions, manning levels, or job security.
Incidence of Taxation
The distribution of the burden of taxation between different economic agents and its impact on welfare
Index Number
Understanding index numbers as indicators showing the relative size of variables based on a chosen base value, typically representing averages or aggregates across sectors.
Income Expansion Path
A comprehensive overview of the income expansion path and its implications in economic analysis.
Inflation Tax
The effect of inflation on the real value of money and government debt denominated in money terms
Interest Equalization Tax
An overview of the Interest Equalization Tax, its historical context, definitions, major analytical frameworks, and further studies
Interior Solution
A detailed examination of the concept of interior solution (interior optimum) in the context of constrained optimization problems.
Internal Rate of Return (IRR)
An overview of the internal rate of return (IRR) concept which determines the interest rate where the net present value of a project is zero.