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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 > International economics

living wage

Economy; International economics

A real wage that is high enough for the worker and family to survive and remain healthy and comfortable, sometimes called meeting basic needs. Term is used in calling for higher ...

loan

Economy; International economics

An amount, usually of money, conveyed by one to another in the expectation that it will be returned, perhaps with specified interest, at a later date. When the lender and borrower ...

local optimum

Economy; International economics

An allocation that by some criterion is better than all those in its neighborhood.

logarithm

Economy; International economics

A particular mathematical transformation often used to express economic variables. Advantages: 1) If a variable grows at a constant percentage rate over time, the graph of its ...

Lomé Convention

Economy; International economics

An agreement originally signed in 1975 committing the EU to programs of assistance and preferential treatment for the ACP Countries. The Lomé Convention was replaced by the ...

London Stock Exchange (LSE)

Economy; International economics

A company that handles the trading of the stocks of around 3000 companies from over 70 countries.

Louvre Accord

Economy; International economics

An agreement reached in 1987 among the central banks of France, Germany, Japan, US, and UK to stop the decline in the value of the US dollar that they had initiated at the Plaza ...