Big Mac Index, a measure introduced by The Economist in 1986, compares exchange rates to the cost of a Big Mac in different countries, illustrating purchasing power parity theory.
A doctrine in development economics that suggests the synchronized expansion of multiple sectors is necessary for the development of a poor country.
An agenda of the Conservative-Liberal Democrat coalition government in the UK, launched in 2010, aimed at giving power to local governments and encouraging community involvement.
A market situation wherein a single buyer faces a single seller in negotiations for price and quantity.
A situation where trade between two countries must balance or be financed directly between them.
Definition and meaning of a bill as a short-dated security maturing in under a year
A short-dated security used to finance foreign trade.
Definition and Meaning of Bimodal Distribution in Economics
A method of valuation based on the assumption that asset prices follow binomial distributions, particularly useful for valuing options.
A comprehensive guide to understanding the biodiversity index, its significance, and its application in economics.
Definition and meaning of the Biological Interest Rate in economics.
A comprehensive analysis of the black market, including its definition, historical context, and major analytical frameworks in economics.
