Unemployment caused by wages being too high relative to productivity, leading to an inability of firms to profitably employ all available labor.
An act of 1914 extending federal antitrust law in the United States.
Definition and meaning of clean floating exchange rate and related concepts
Definition and meaning of clean technology, its historical context, and related analytics frameworks.
A clearing bank is a financial institution that is a member of the clearing-house and facilitates the clearing of cheques and other payments.
A significant and lasting change in the statistical distribution of meteorological elements, calculated for different periods but relating to the same area.
The application of quantitative methods to the analysis of economic history
An overview of the closed economy, an economic model characterized by a lack of external trade and capital flows.
The requirement that all workers of certain grades in a business must belong to a recognized trade union.
An equilibrium concept in multi-stage games where players are informed about the previous strategy choices of opponents.
An institution formed to supply an excludable public good, characterized by its ability to exclude non-members, thereby allowing efficient provision of the good to its members.
