An organization of oil-producing countries established to coordinate policies and manage the negotiate of oil prices through a cartel arrangement.
An analysis and understanding of the organized sector within an economy.
An international trade policy framework in which goods and services are taxed in their country of production.
A statistical term referring to an observation that significantly deviates from the rest of the data.
The method of calculating domestic product using information on the net outputs of various sectors of the economy.
A measure of output per unit of labour input, used in comparing productivity.
An asset in the economy that is not a liability for anyone else, commonly applied to gold coinage rather than bank balances.
The practice of buying goods and services from outside suppliers rather than producing them within a firm.
A worker employed by an enterprise for a task or delivery of goods and services under contract, but working externally
