Unbiased Expectations Hypothesis
A comprehensive entry on the Unbiased Expectations Hypothesis, including background, historical context, definitions, major analytical frameworks, comparative analysis, and related terms.
Unbundling
A comprehensive entry on the concept of unbundling in economics.
Uncompetitive
Definition and implications of being unable to realize potential profit due to high costs, poor quality, or other competitive disadvantages.
Unconditional Grant
An overview of unconditional grants, including their definition, historical context, and use in economic frameworks.
Uncovered Interest Parity
A relationship between domestic and foreign interest rates under the assumption that the forward currency market is not used to hedge exchange rate risk.
Undated Security
A security with no set redemption date; obligates the borrower to pay interest but not to redeem it.
Under-developed Countries
A comprehensive entry on under-developed countries, offering definitions, historical context, and analytical frameworks.
Under-subscription
Failure of applications for shares in a new issue to match the number on offer.
Under-Valued Currency
A detailed exploration of the concept of an under-valued currency, its consequences, causes, and related economic aspects.
Underemployment
Employment of skilled workers in unskilled jobs or involuntary part-time employment. Includes hidden unemployment.
underground economy
Definition and meaning of the term 'underground economy', focusing on unrecorded economic activities.