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Definitions
Value-Subtracting Industry
Economics
Industry
Value Added
An industry where the value of output is less than that of purchased inputs, making the value added negative.
Read more about Value-Subtracting Industry.
Definitions
Warranted Growth Rate
Macroeconomics
Growth Theory
Harrod–Domar Model
The rate at which growth must occur for sustainability in the Harrod–Domar model.
Read more about Warranted Growth Rate.
Definitions
Work in Progress
Production
Supply Chain
Economics
Accounting
Inventory Management
The term Work in Progress refers to materials and partially finished products that are at various stages of the production process.
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Definitions
Yield - Definition and Meaning
Economics
Finance
Fixed-Interest Securities
Yield
Understanding the term 'yield' in the context of fixed-interest securities and its different forms such as nominal yield, running yield, yield to maturity, and more.
Read more about Yield - Definition and Meaning.
Definitions
'Bad Money Drives Out Good' - Definition and Meaning
Economics
Gresham’s Law
Currency
An exploration of the economic principle that 'bad money drives out good,' commonly known as Gresham’s Law.
Read more about 'Bad Money Drives Out Good' - Definition and Meaning.
Definitions
100 Per Cent Gold Backing
Monetary Policy
Gold Standard
Currency
Economic History
A reserve rule requiring the bank issuing a currency to hold gold of equal value.
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Definitions
1992 - Definition and Meaning
European Community
Internal Market
Economic Integration
1992
A comprehensive look at the 1992 program of the European Community aimed at internal market unification.
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Definitions
a priori
A Priori
Economic Theory
Reasoning
An exploration of the economic term 'a priori', which refers to claims considered true based on earlier reasoning rather than empirical evidence.
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Definitions
A-share
Finance
Stocks
Investment
An ordinary share in a company with no voting rights for the holder, typically traded at a lower price than voting shares.
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Definitions
AAA Rating
Credit Rating
Finance
Investment
An in-depth exploration of the AAA credit rating, its significance, and its role in economics.
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Definitions
Abatement
Abatement
Environmental Economics
Pollution
Reduction in amount, degree, or intensity of an activity, particularly in reference to emissions and pollutants.
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Definitions
abatement cost
Abatement Cost
Pollution Reduction
Environmental Economics
The cost associated with reducing pollution levels from both production and consumption activities.
Read more about abatement cost.
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Economics Terms Lexicon
Ultimate Dictionary of Economics and Beyond.
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