Economy

Economy

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

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Economy > International economics

environmental subsidy

Economy; International economics

A subsidy intended for environmental purposes. A subsidy for adapting existing facilities to new environmental laws or regulations is non-actionable under WTO rules.

equilibrium

Economy; International economics

1. A state of balance between offsetting forces for change, so that no change occurs. 2. In competitive markets, equality of quantity supplied and quantity demanded.

escalation

Economy; International economics

1. Regarding the structure of tariffs, see tariff escalation. 2. In the context of a trade war, escalation refers to the increase in tariffs that occurs as countries retaliate ...

escape clause

Economy; International economics

1. The portion of a legal text that permits departure from its provisions in the event of specified adverse circumstances. 2. The U. S. Statute (section 201, 1974 trade act) that ...

Ethical Trading Initiative

Economy; International economics

An alliance of multinational companies, nongovernmental organizations, and labor unions seeking to promote and identify ethical trade.

Euler's Theorem

Economy; International economics

1. The property of a function X=F(V) that is homogeneous of degree N that  i V i ∂F/∂V i =NX. 2. The useful implication of this that, for a production function X=F(V) ...