The practice of hiring items of equipment, rather than buying them outright
An overview of the Least Developed Countries (LDCs) as designated by the United Nations.
A method of estimation in econometric models minimizing the sum of squared differences.
Forms of money which a creditor is legally obliged to accept in settlement of a debt.
Time spent not working and regarded as a consumption good from which utility is derived in economic models.
An unsatisfactory product where quality cannot reliably be checked before purchase.
The function of providing liquidity for the banking system at times of crisis by the central bank.
Observation by Wassily Leontief that the US, despite being capital-rich, had exports that were more labor-intensive than its imports, contrary to the Heckscher-Ohlin model's predictions.
An examination of Less Developed Countries (LDCs), including their classification, developmental indicators, and geographical distribution according to the United Nations.
Buy-out of a firm largely financed by borrowing
Leveraging refers to using borrowed funds to finance an investment.
