Entry to a market in the expectation of making an immediate profit, possibly followed by withdrawal, typically occurring without incurring significant sunk costs.
The UK government department responsible for tax collection and welfare payments.
HM Treasury (HMT) - The UK ministry for economics and finance.
A reconstruction of temperatures over the past 1,000 years prominently featured in the IPCC Third Assessment Report, commonly used to illustrate global warming.
A company that holds shares in other companies to form a corporate group and does not produce goods or services.
The tendency for consumers and investors to favor domestic products and investments over foreign ones.
An overview of the term 'home production' in the context of economics
A fundamental concept in economics describing goods that have uniform properties and are identical in every unit.
An overview of the Hong Kong Stock Exchange, established in 1891, with a market capitalization of US$2.7 trillion as of February 2016.
The principle that individuals in similar situations should be treated equally.
