full-employment product
31Austria — Austrian, adj., n. /aw stree euh/, n. a republic in central Europe. 8,054,078; 32,381 sq. mi. (83,865 sq. km). Cap.: Vienna. German, Österreich. * * * Austria Introduction Austria Background: Once the center of power for the large Austro… …
32Norway — /nawr way/, n. Norwegian, Norge. a kingdom in N Europe, in the W part of the Scandinavian Peninsula. 4,404,456; 124,555 sq. mi. (322,597 sq. km). Cap.: Oslo. * * * Norway Introduction Norway Background: Despite its neutrality, Norway was not able …
33Economics — This article is about the social science. For other uses, see Economics (disambiguation). For a topical guide to this subject, see Outline of economics. Economics …
34Iceland — Icelander /uys lan deuhr, leuhn deuhr/, n. /uys leuhnd/, n. 1. a large island in the N Atlantic between Greenland and Scandinavia. 39,698 sq. mi. (102,820 sq. km). 2. a republic including this island and several smaller islands: formerly Danish;… …
35Italy — /it l ee/, n. a republic in S Europe, comprising a peninsula S of the Alps, and Sicily, Sardinia, Elba, and other smaller islands: a kingdom 1870 1946. 57,534,088; 116,294 sq. mi. (301,200 sq. km). Cap.: Rome. Italian, Italia. * * * Italy… …
36government budget — Forecast of governmental expenditures and revenues for the ensuing fiscal year. In modern industrial economies, the budget is the key instrument for the execution of government economic policies. Because government budgets may promote or retard… …
37social security — 1. (usually caps.) a program of old age, unemployment, health, disability, and survivors insurance maintained by the U.S. federal government through compulsory payments by specific employer and employee groups. 2. the theory or practice of… …
38Minimum wage — A minimum wage is the lowest hourly, daily or monthly remuneration that employers may legally pay to workers. Equivalently, it is the lowest wage at which workers may sell their labour. Although minimum wage laws are in effect in a great many… …
39Say's law — In economics, Say’s Law or Say’s Law of Markets is a principle attributed to French businessman and economist Jean Baptiste Say (1767 1832) stating that there can be no demand without supply. A central element of Say s Law is that recession does… …
40New Zealand — New Zealander. /zee leuhnd/ a country in the S Pacific, SE of Australia, consisting of North Island, South Island, and adjacent small islands: a member of the Commonwealth of Nations. 3,587,275; 103,416 sq. mi. (267,845 sq. km). Cap.: Wellington …
