Economics

Economics

basics of economics

Industry: Economy

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Economics

world bank

Economy; Economics

An institution created with the IMF at Bretton Woods in 1944 and opened in 1946. The World Bank has three main branches: the International Bank for Reconstruction and Development (IBRD), the ...

World Trade Organization (WTO)

Bête noire of anti-globalization protesters. The World Trade Organization is the governing body of international trade, setting and enforcing the rules of trade and punishing offenders. Established ...

reflation

Economy; Economics

Policies to pump up demand and thus boost the level of economic activity. Monetarists fear that such policies may simply result in higher inflation.

regional policy

Economy; Economics

A policy intended to boost economic activity in a specific geographical area that is not an entire country and, typically, is in worse economic shape than nearby areas. It can include offering firms ...

regression analysis

Economy; Economics

Number-crunching to discover the relationship between different economic variables. The findings of this statistical technique should always be taken with a pinch of salt. How big a pinch can vary ...

regressive tax

Economy; Economics

A tax that takes a smaller proportion of income as the taxpayer’s income rises, for example, a fixed-rate vehicle tax that eats up a much larger slice of a poor person’s income than a rich person’s ...

regulation

Economy; Economics

Rules governing the activities of private-sector enterprises. Regulation is often imposed by government, either directly or through an appointed regulator. However, some industries and professions ...