balance of goods and services
111History of economic thought — The history of economic thought deals with different thinkers and theories in the field of political economy and economics from the ancient world to the present day. British philosopher Adam Smith is cited by many as the father of modern… …
112Lebanon — /leb euh neuhn/ or, esp. for 1, / non /, n. 1. a republic at the E end of the Mediterranean, N of Israel. 3,858,736; 3927 sq. mi. (10,170 sq. km). Cap.: Beirut. 2. a city in SE Pennsylvania. 25,711. 3. a city in N central Tennessee. 11,872. 4. a… …
113Switzerland — /swit seuhr leuhnd/, n. a republic in central Europe. 7,248,984; 15,944 sq. mi. (41,294 sq. km). Cap.: Bern. French, Suisse. German, Schweiz. Italian, Svizzera. Latin, Helvetia. * * * Switzerland Introduction Switzerland Background: Switzerland s …
114economic stabilizer — Any of the institutions and practices in an economy that serve to reduce fluctuations in the business cycle through offsetting effects on the amounts of income available for spending (disposable income). The progressive income tax, unemployment… …
115Economy of Denmark — National Bank (central bank) of Denmark. Rank 46 Currency Danish krone (DKK, kr) …
116Economy of Morocco — 100 Moroccan dirham Rank 54th Currency Moroccan Dirham (MAD) …
117Law of value — The law of value is a concept in Karl Marx s critique of political economy. Most generally, it refers to a regulative principle of the economic exchange of the products of human work: the relative exchange values of those products in trade,… …
118Argentina — /ahr jeuhn tee neuh/; Sp. /ahrdd hen tee nah/, n. a republic in S South America. 35,797,536; 1,084,120 sq. mi. (2,807,870 sq. km). Cap.: Buenos Aires. Also called the Argentine. Official name, Argentine Republic. * * * Argentina Introduction… …
119Kenya — Kenyan, adj., n. /ken yeuh, keen /, n. 1. a republic in E Africa: member of the Commonwealth of Nations; formerly a British crown colony and protectorate. 28,803,085; 223,478 sq. mi. (578,808 sq. km). Cap.: Nairobi. 2. Mount, an extinct volcano… …
120Economic democracy — is a socioeconomic philosophy that suggests a shift in decision making power from a small minority of corporate shareholders to a larger majority of public stakeholders. There is no single definition or approach for economic democracy, but most… …
