deflationary tendency
21Virtuous circle and vicious circle — A virtuous circle or a vicious circle is a complex of events that reinforces itself through a feedback loop toward greater instability. A virtuous circle (or virtuous cycle) has favorable results, and a vicious circle (or vicious cycle) has… …
22Debasement — is the practice of lowering the value of currency. It is particularly used in connection with commodity money such as gold or silver coins. A coin is said to be debased if the quantity of gold, silver, copper or nickel is reduced. Contents 1… …
23Differential accumulation — is an approach for analysing capitalist development and crisis, tying together mergers and acquisitions, stagflation and globalization as integral facets of accumulation. The concept has been developed by Jonathan Nitzan and Shimshon Bichler. The …
24History of the British Labour Party — This is about the history of the British Labour Party. For information about the wider history of British socialism see History of socialism in Great Britain. For more detailed information about the present Labour government see Current Labour… …
25bank — bank1 /bangk/, n. 1. a long pile or heap; mass: a bank of earth; a bank of clouds. 2. a slope or acclivity. 3. Physical Geog. the slope immediately bordering a stream course along which the water normally runs. 4. a broad elevation of the sea… …
26Colombia — Colombian, adj., n. /keuh lum bee euh/; Sp. /kaw lawm byah/, n. a republic in NW South America. 37,418,290; 439,828 sq. mi. (1,139,155 sq. km). Cap.: Bogotá. * * * Colombia Introduction Colombia Background: Colombia was one of the three countries …
27Ireland — Irelander, n. /uyeur leuhnd/, n. 1. John, 1838 1918, U.S. Roman Catholic clergyman and social reformer, born in Ireland: archbishop of St. Paul, Minn., 1888 1918. 2. Also called Emerald Isle. Latin, Hibernia. a large western island of the British …
28migration — Spain has experienced very substantial population movements since the 1950s, both internal and external. By far the most important were those of the 1950s and 1960s involving the transfer of at least four million people from a rural or… …
29inflationary spiral — noun an episode of inflation in which prices and wages increase at an increasing rate and currency rapidly loses value • Ant: ↑deflationary spiral • Hypernyms: ↑spiral * * * noun : a continuous rise in prices that is sustained by the tendency of… …
