|
|
Economic shock |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Economic shockEvents that impact the economy, come from outside it, and are unexpected and upredictable (e.g., Hurricane Andrew in 1991, the rise in oil prices by OPEC).Economic shock Similar MatchesEconomic growthEconomic growthThe increase over time in the capacity of an economy to produce goods and services and (ideally) to improve the well-being of its citizens. Neoclassical economicsNeoclassical economicsMost of modern, mainstream economics based on neoclassical assumptions. Tends to ascribe inevitability, if not necessarily desirability, to market outcomes. MacroeconomicMacroeconomicReferring to the variables or performance of an economy as a whole, or its major components, as opposed to that of individual industries, firms, or households. Economic sanctionEconomic sanctionThe use of an economic policy as a sanction. Economic interdependenceEconomic interdependenceThe extent to which economic performance (GDP, inflation, unemployment, etc.) in one country depends positiveliy or negatively on performance in other countries. Further SuggestionsEconomic rentsSecond theorem of welfare economics economics Economic indicator Closer Economic Relations Economic expansion Economic indicators Council for Mutual Economic Assistance Economic assumptions Welfare economics Economic exposure Special economic zone Leading economic indicators European Economic Area Economic rate of return Economic union Economics Economic justice Supply side economics Chinese Economic Area macroeconomics Economic union Economic freedom Keynesian economics Economic order quantity (EOQ) |
|
|
|