A Lexicon of Economics - download pdf or read online

By Kenyon A. Knopf

ISBN-10: 0124169554

ISBN-13: 9780124169555

As a substitute for in-depth definitions and ideas, this ebook is a one-volume resolution to economics, banking, and company questions. With encyclopaedic element, the trems are outlined, suggestions defined and relationships illustrated. A separate portion of abbreviations and acronyms may also help the reader to spot monetary and company teams. This ebook is desinged to be of curiosity to non-professionals and scholars of economics, scholars and execs in enterprise, accounting, sociology and legislations

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Extra resources for A Lexicon of Economics

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The social scientist seldom is able to experiment with people in society and so must carry on "experiments" in his or her mind. Sometimes this can be facilitated by mathematical manipulation of data. C H E C K I N G A C C O U N T A transaction account. A bank account held by a depositor which permits the depositor to write a note 39 CHECKOFF (check) ordering the bank to pay another party a specified amount on demand. Checks are negotiable by endorsement. The transfer from the check issuer's bank occurs after the check is presented to the receiver's bank for payment and clears through a clearing house.

Federal agency which has provided a method of price support to farmers by making loans at the federal support price, using the crop as collateral. If the market price falls below the support price, the farmer will turn the crop over to the CCC and keep the money. If the price rises above the support level, the farmer will sell the crop and pay off the loan. When market prices for a support crop are low relative to the support price for several years, the government builds up huge stocks of the crop which "hang over the market," preventing price from rising above the support level because of anticipated moves to reduce the stockpile.

Union power is related to its power to interrupt production. The employer often was caught in the middle, not being able to recognize either union without damage to the company from actions by the other union. See Jurisdictional Dispute, Union. B A R T E R Exchanging goods directly for other goods or services rather than using the intermediation of money. Under a barter system of exchange a person who wants to acquire some goods may not have for exchange what another person wants in return for his or her goods.

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A Lexicon of Economics by Kenyon A. Knopf


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