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

Balance of payments adjustment mechanism

Balance of payments adjustment mechanism

Any 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) account

Cumulative Translation Adjustment (CTA) account

An 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 assistance

Adjustment assistance

Government 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 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.


Structural adjustment

Structural adjustment

The 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 Suggestions

Border tax adjustment
Trade adjustment assistance
Adjustment bond
higher rate adjustment
Structural adjustment program
International adjustment process
Adjustment date
Walrasian adjustment


 
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