Technical Progress
Improvement in knowledge about techniques for production, allowing for more output or efficiency.
Technical Standard
A specification of the design of particular goods or components to ensure compatibility.
Technical Substitution
Examination of technical substitution in economic analysis, including elasticity and marginal rate of technical substitution concepts.
Technology - Definition and Meaning
The body of knowledge about materials, techniques of production, and operation of equipment, based on the application of science.
Technology Gap
A definition and explanation of the concept of the technology gap, the difference in techniques available for production between countries.
Technology Transfer
The transfer of techniques from countries where they are more advanced to other countries where they are less advanced.
Temporary Assistance to Needy Families
An overview of TANF, the US federal assistance program for low-income families with dependent children.
Temporary Equilibrium
An overview of the concept of temporary equilibrium in economic models and its implications for dynamic economies.
Tender
A bid to undertake a project encompassing information on the bidder, project approach, and pricing.
Tender Issue
Understanding tender issue in economics, its meaning and context within Treasury bills bidding and issuance.
Tennessee Valley Authority (TVA)
The Tennessee Valley Authority (TVA) is a US public corporation established in 1933 as part of the New Deal, focusing on power supply, flood control, natural resource development, tourism, and training.
Term Asset-Backed Loan Facility
A funding facility introduced by the US Federal Reserve System in 2008 aimed at encouraging lending to households and small businesses through support of asset-backed securities issuance.