Adjustment mechanism


 

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Adjustment mechanism

The theoretical process by which a market changes in disequilibrium moving toward equilibrium if the process is stable. See Walrasian and Marshallian adjustment.



Similar Matches

Marshallian adjustment

Marshallian adjustment

A market adjustment mechanism in which quantity rises when demand price exceeds supply price and falls when supply price exceeds demand price.


Trade adjustment assistance

Trade adjustment assistance

A program of adjustment assistance for workers and firms in industries that have suffered from competition with imports. In the U.S., TAA began with the Trade Act of 1974, and has been renewed and expanded since then, including as part of the NAFTA.


Border tax adjustment

Border tax adjustment

Rebate of indirect taxes (taxes on other than direct income, such as a sales tax or VAT) on exported goods and levying of them on imported goods. May distort trade when tax rates differ or when adjustment does not match the tax paid.


Higher rate adjustment

Higher rate adjustment

An income tax coding allocated to people who pay tax at the higher rate.For interest received from banks or dividends from shares etc, the higher rate adjustment enables the Inland Revenue to collect the additional tax due over and above the basic rate.


Adjustment date

Adjustment date

This is the date on which the interest rate changes for a variable rate mortgage.


Further Suggestions

Balance of payments adjustment mechanism
Cumulative Translation Adjustment (CTA) account
International adjustment process
Adjustment bond
Adjustment assistance
Structural adjustment program
Structural adjustment
Walrasian adjustment


 
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