economic goods
111Economic Growth — An increase in the capacity of an economy to produce goods and services, compared from one period of time to another. Economic growth can be measured in nominal terms, which include inflation, or in real terms, which are adjusted for inflation.… …
112Economic history of Birmingham — Birmingham in England has developed economically since Mediaeval times. Early metalworkJohn Leland visited Birmingham in about 1538, and found many smiths manufacturing knives and nails among other products. By 1683, there were 202 forges in the… …
113Economic results of migration — One of the most important dimension of migrations’ effects. Economic results of migrations are the most relevant to development.Brain drain vs. brain gainPoor material conditions force lots of people to migrate every day. They leave their homes… …
114Economic Cycle — The natural fluctuation of the economy between periods of expansion (growth) and contraction (recession). Factors such as gross domestic product (GDP), interest rates, levels of employment and consumer spending can help to determine the current… …
115economic theory — noun (economics) a theory of commercial activities (such as the production and consumption of goods) • Topics: ↑economics, ↑economic science, ↑political economy • Hypernyms: ↑theory • Hyponyms: ↑ …
116Economic and Monetary Union — (also European Monetary Union) (abbr EMU) the idea that there should be completely free movement of people, goods and money between the countries of the European Union. From 1 January 1993 many controls on the movement of goods and people between …
117economic exposure — 1) The possible impact on the value of a business of macroeconomic variables. 2) The exposure of a business selling goods abroad or buying goods from abroad to the risks resulting from changes in exchange rates. See: exchange rate exposure …
118Economic power — There is no agreed upon definition of power in economics. At least five definitions of power have been used:*purchasing power, i.e., the ability of any amount of money to buy goods and services. Those with more assets (or, more correctly, net… …
119Economic sector — The economy may be classified into subdivisions called sectors (also called industries) in several ways. Sectors may be further subdivided into subsectors.Based on stage in production chainWhen classified based on the stage in the production… …
120economic output — noun The productivity of a country or region measured by the value of goods and services produced. The economic output of all countries in the EU has increased considerably during the last three decades …
