Economics

Economics

basics of economics

Contributors in Economics

Economics

Traditionally, the profit rulers made from allowing metals to be turned into coins. Now it refers in a loosely defined way to the power of a country whose notes and coins are held by another country ...

seller's market

Economy; Economics

A market in which the seller seems to have the upper hand and so can charge a higher price than in a.

seniority

Economy; Economics

The order in which creditors are entitled to be repaid. In the event of a bankruptcy, senior debt must be paid off before junior debt. Because junior debt has a lower chance of being repaid than ...

standard deviation

Economy; Economics

A measure of how far a variable moves over time away from its average (mean) value.

standard error

Economy; Economics

A measure of the possible error in a statistical estimate.

statistical significance

Economy; Economics

There are lies, damned lies and statistics, said Benjamin Disraeli, a British prime minister. Certainly, even if the result of number crunching is statistically significant, it does not actually mean ...

sterilized intervention

Economy; Economics

When a government or central bank buys or sells some of its reserves of foreign currency this can affect the country’s money supply. Selling reserves decreases the supply of the domestic currency; ...