Profit-and-Loss Account
An account of an organization’s receipts and spending over a period, providing insights into profits and losses.
Profit-Sharing
A system where employees receive a share of the profits of their firm, enhancing motivation and interest in the company's profitability.
Prohibitive Tariff
A tariff set at a rate so high that no trade in the good concerned can take place.
Propensity Score Matching
A method of estimation of the causal effect of a treatment, or a policy intervention, in observational data.
Propensity to Save
The proportion of disposable income which individuals do not desire to spend on consumption.
Property
Understanding the concept of property, specifically real property, in economics and law.
Property Lending
Lending to finance purchases of property, often using the property as collateral.
Property Rights
The rights of an owner over property, including the scope and limitations of these rights.
Proportional Tax
An overview of the proportional tax system where the tax rate remains constant regardless of the taxable amount.
Prospectus
An informative document provided by a company during the issuance of new shares or debentures to the public.