Economics

Economics

basics of economics

Industry: Economy

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Economics

systematic risk

Economy; Economics

The risk that remains after diversification, also known as market risk or undiversifiable risk. It is systematic risk that determines the return earned on a well-diversified portfolio of assets.

systemic risk

Economy; Economics

The risk of damage being done to the health of the financial system as a whole. A constant concern of bank regulators is that the collapse of a single bank could bring down the entire financial ...

tangible assets

Economy; Economics

Assets you can touch: buildings, machinery, gold, works of art, and so on. Contrast with intangible assets.

Often used to describe a tax on goods produced abroad imposed by the government of the country to which they are exported. Many countries have reduced such tariffs as part of the process of freeing ...

tax arbitrage

Economy; Economics

Creating financial instruments or transactions that allow the parties involved to exploit loopholes in or differences between their tax exposures, so that all involved pay less tax.

tax avoidance

Economy; Economics

Doing everything possible within the law to reduce your tax bill. Learned Hand, an American judge, once said: “There is nothing sinister in so arranging one’s affairs as to keep taxes as low as ...

tax base

Economy; Economics

The thing or amount to which a tax rate applies. To collect income tax, for example, you need a meaningful definition of income. Definitions of the tax base can vary enormously, over time and among ...