|
|
Adjustment mechanism |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Adjustment mechanismThe theoretical process by which a market changes in disequilibrium moving toward equilibrium if the process is stable. See Walrasian and Marshallian adjustment.Similar MatchesBalance of payments adjustment mechanismBalance of payments adjustment mechanismAny process, especially any automatic one, by which a country with a payments imbalance moves toward balance of payments equilibrium. Under the gold standard, this was the specie flow mechanism. Cumulative Translation Adjustment (CTA) accountCumulative Translation Adjustment (CTA) accountAn entry in a translated balance sheet in which gains and/or losses from translation have been accumulated over a period of years. The C.T.A. account is required under the FASB No. 52 rule. Adjustment assistanceAdjustment assistanceGovernment program to assist those workers and/or firms whose industry has declined, either due to competition from imports (trade adjustment assistance) or from other causes. Such programs usually have two (conflicting) goals: to lessen hardship for those affected and to help them change their behavior -- what, how, or where they produce. Marshallian adjustmentMarshallian adjustmentA market adjustment mechanism in which quantity rises when demand price exceeds supply price and falls when supply price exceeds demand price. Structural adjustmentStructural adjustmentThe reallocation of resources (labor and capital) among sectors of the economy in response to changing economic circumstances, including trading conditions, or changes in policy. Further SuggestionsBorder tax adjustmentTrade adjustment assistance Adjustment bond higher rate adjustment Structural adjustment program International adjustment process Adjustment date Walrasian adjustment |
|
|
|