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Adjustment mechanism |
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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 MatchesMarshallian adjustmentMarshallian adjustmentA market adjustment mechanism in which quantity rises when demand price exceeds supply price and falls when supply price exceeds demand price. Trade adjustment assistanceTrade adjustment assistanceA 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 adjustmentBorder tax adjustmentRebate 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 adjustmentHigher rate adjustmentAn 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 dateAdjustment dateThis is the date on which the interest rate changes for a variable rate mortgage. Further SuggestionsBalance of payments adjustment mechanismCumulative Translation Adjustment (CTA) account International adjustment process Adjustment bond Adjustment assistance Structural adjustment program Structural adjustment Walrasian adjustment |
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