Home > Industry/Domain > Economy

Economy

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

6Categories 106534Terms

Add a new term

Contributors in Economy

Economy > Economics

fiscal policy

Economy; Economics

One of the two instruments of macroeconomic policy; monetary policy's side-kick. It comprises public spending and taxation, and any other government income or assistance to the ...

fiscal neutrality

Economy; Economics

When the net effect of taxation and public spending is neutral, neither stimulating nor dampening demand. The term can be used to describe the overall stance of fiscal policy: a ...

fiscal drag

Economy; Economics

A nice little earner for the state. Fiscal drag is the tendency of revenue from taxation to rise as a share of GDP in a growing economy. Tax allowances, progressive tax rates and ...

first-mover advantage

Economy; Economics

The early bird gets the worm. Game theory shows that being the first to enter a market or to introduce an innovation can be a huge advantage, not just because the first firm in ...

firms

Economy; Economics

For many years, economists had little interest in what happened inside firms, preferring instead to examine the workings of the different sorts of industries in which firms ...

fine tuning

Economy; Economics

A favorite government policy in the Keynesian-dominated 1950s and 1960s, involving frequent adjustments to fiscal policy and/or monetary policy to alter the level of demand to ...

financial system

Economy; Economics

The firms and institutions that together make it possible for money to make the world go round. This includes financial markets, securities exchanges, banks, pension funds, mutual ...