Growth of national or regional production which actually decreases welfare.
An examination of factors immobile within the realm of economics, their causes, and implications.
A market situation in which some participants have the ability to influence prices.
An understanding between parties on acceptable forms of behaviour that is not part of any formal agreement.
Exploring the concept of implicit costs in economics, its definition and significance.
A term used in the options market to denote the volatility of the underlying security suggested by the market price of an option contract.
Administrative restriction and allocation of imports.
A requirement to place a blocked deposit in advance with the central bank as the condition for obtaining foreign currency to pay for imports.
The UK Act of Parliament passed in 1932, which imposed a 10 per cent tariff on most items from non-Commonwealth countries, marking the end of the free trade era.
Detailed explanation of Import Duty and its implications in economics
An economic term referring to a tax or duty imposed on imported goods, often used interchangeably with tariff.
A government-issued permit required for the importation of specified goods.
