economic goods
21Economic secession — is a term that John T. Kennedy introduced to refer to a libertarian/anarchist activist technique. Kennedy and others suggest that people who oppose the state abstain as much as they are able from the state’s economic system – for instance by… …
22Economic and Monetary Union — [Economic 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 th …
23goods and services — ˌgoods and ˈservices noun [plural] ECONOMICS used to talk about everything produced or sold in an economy: • Consumer spending on goods and services rose 0.6% in September, after adjusting for inflation. * * * goods and services UK US noun… …
24Economic efficiency — is used to refer to a number of related concepts. A system can be called economically efficient if: * No one can be made better off without making someone else worse off. * More output cannot be obtained without increasing the amount of inputs. * …
25economic nationalism — ˌeconomic ˈnationalism noun [uncountable] ECONOMICS the idea that a country s economy will perform best if its industries are protected from competition, for example by taxes on imported goods * * * economic nationalism UK US noun [U] ECONOMICS,… …
26economic system — ➔ system * * * economic system UK US noun [C] ECONOMICS ► the way in which an economy works, for example, the way it makes money and uses goods and labour: »The WTO is at the centre of the global economic system …
27Economic order quantity — is that level of inventory that minimizes the total of inventory holding cost and ordering cost. The framework used to determine this order quantity is also known as Wilson EOQ Model. The model was developed by F. W. Harris in 1913. But still R.… …
28Economic interdependence — is a consequence of specialization, or the division of labor, and is almost universal. It was described as early as 1828, when A. A. Cournot wrote: : but in reality the economic system is a whole of which the parts are connected and react on each …
29economic institution — UK US noun [C] ECONOMICS, GOVERNMENT, FINANCE ► a company or an organization that deals with money or with managing the distribution of money, goods, and services in an economy. Banks, government organizations, and investment funds are all… …
30Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… …
