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Economy

Pertaining to the system or range of economic activity in a country, region, or community.

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Economy > Economics

Bretton Woods

Economy; Economics

A conference held at Bretton Woods, New Hampshire, in 1944, which designed the structure of the international monetary system after the second world war and set up the IMF and the ...

brand

Economy; Economics

The stalking-horse for international capitalism. A focus for all the worries about environmental damage, human-rights abuses and sweated labor that opponents of globalization like ...

bounded rationality

Economy; Economics

A theory of human decision making that assumes that people behave rationally, but only within the limits of the information available to them. Because their information may be ...

bonds

Economy; Economics

Gentlemen prefer bonds, punned Andrew Mellon, an American tycoon. A bond is an interest-bearing security issued by governments, companies and some other organizations. Bonds are ...

Black-Scholes

Economy; Economics

A formula for pricing financial options. Its invention allowed a previously undreamed of precision in the pricing of options (which had hitherto been done using crude rules of ...

black economy

Economy; Economics

If you pay your cleaner or builder in cash, or for some reason neglect to tell the taxman that you were paid for a service rendered, you participate in the black or underground ...

barriers to exit

Economy; Economics

How firms keep out competition--an important source of incumbent advantage. There are four main sorts of barriers. * A firm may own a crucial resource, such as an oil well, or it ...