An analogy introduced by Adam Smith representing market coordination through self-interest without central organization.
Invisibles: The term used to describe international trade in services. It encompasses various forms of services where no physical goods are exchanged.
A security with no redemption date, where interest is payable indefinitely but the principal is never repaid.
The IS curve depicts combinations of interest rates and national income where ex ante savings and investment are equal, reflecting product market equilibrium in Keynesian economics.
The IS–LM model is a foundational concept in Keynesian economics, representing equilibrium in the commodity and money markets to analyze the effects of various economic policies.
A comprehensive overview of Islamic banking, a system of banking that aligns with Islamic law which prohibits usury and typically operates using profit-sharing arrangements.
In a model with two factor inputs in production, a curve showing the combinations of inputs that have constant market cost.
A detailed explanation of the isoquant curve in economics, illustrating its meaning, historical context, and major analytical frameworks.
The amount of shares or stock available, or the amount of banknotes in circulation.
The portion of a firm's authorized capital that has been issued to shareholders.
Inside money is an asset for the holder and a liability for another party within the economy, redistributing wealth rather than increasing it.
