By Kenyon A. Knopf
In its place for in-depth definitions and ideas, this ebook is a one-volume resolution to economics, banking, and enterprise questions. With encyclopaedic element, the trems are outlined, ideas defined and relationships illustrated. A separate portion of abbreviations and acronyms may help the reader to spot financial and enterprise teams. This e-book is desinged to be of curiosity to non-professionals and scholars of economics, scholars and pros in company, accounting, sociology and legislations
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Writer notice: Juan D. Lindau [Editor], Timothy Cheek [Editor]
Publish 12 months notice: First released April 1998
Does industry liberalization advertise democracy? The accredited solution from students, pundits, and politicians alike has been certain. besides the fact that, the members to this leading edge research of marketplace reforms and political switch in Mexico and the People's Republic of China argue that this straightforward equation isn't just empirically doubtful yet methodologically incorrect. utilizing comparative contextual research, the participants conscientiously determine the non-compulsory affinities among those very assorted polities to bare key variables that ensure how markets will have an effect on democracy, rather legislations because the 'rudder of democracy' and the position of political tradition in civil society.
Slightly centuries in the past, lots of the world's effective land nonetheless belonged both communally to standard societies or to the better powers of monarch or church. yet that development, and the methods of existence that went with it, have been consigned to heritage because of the such a lot artistic – and, whilst, damaging – cultural strength within the sleek period: the assumption of person, particular possession of land.
"La austeridad, nos cube Mark Blyth, profesor de los angeles Brown collage, es una inspiration peligrosa: no funciona en el mundo genuine en que habitamos. En el mundo imaginario de sus partidarios, los recortes siempre afectan a otro. Desgraciadamente, como lo demuestra Europa, en este mundo actual de nuestros días no hay "otro" que asuma los costes".
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Extra resources for A Lexicon of Economics
See Equilibrium of the Consumer. 01 10 BUDGET LINE 31 BUFFER S T O C K B U F F E R S T O C K A stock of goods held by a country or a group of countries to stabilize the price of a product or to raise its price. In the latter case, if quantity supplied exceeds quantity demanded at the target price, a sufficient quantity of goods is bought to maintain the price at the desired minimum price. This stock is stored and available to put on the market should quantity demanded exceed quantity supplied at a target maximum price.
C O M M O D I T Y F U T U R E S Contracts for delivery of specified com modities such as wheat, cotton, or corn at the stated price on a specified date in the future. The sale and purchase of futures helps to even out commodity price fluctuations due to seasonal produc tion by permitting the market to reflect expectations about future harvests and future changes in demand. Futures also provide a way 44 COMMUNISM for processors such as millers to hedge against price changes and avoid the risks of inventory price fluctuations while a commodity is being processed and held in inventory.
Money, however, is a widely accepted common denomina tor to which the value of everything else is related. It facilitates exchange by eliminating the multiple trading that otherwise may be necessary for a "seller" to receive what he or she wants in return. See Money. B A S I N G - P O I N T S Y S T E M A pricing system in which the sellers set prices to include transportation charges from a designated "basingpoint" location, whether or not the goods are shipped from that place or from some nearer or more distant point.