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The City |
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The CityThe financial community in the City of London which traditionally operates out of 'the Square Mile' although increasingly the big securities houses and firms of accountants are basing themselves east of the City in Docklands.Similar MatchesElasticity of demand for importsElasticity of demand for importsThis is normally the price elasticity of demand for imports of a country, either for a single industry or for the aggregate of all imports. The latter plays a critical role in determining how the country's balance of trade responds to the exchange rate. See Marshall-Lerner condition. Import elasticityImport elasticityUsually means the import demand elasticity. Factor scarcityFactor scarcitySee factor abundance. Incapacity benefitIncapacity benefitA state benefit payable after the expiry of state sickness benefit if a person is still unfit to work. This replaces the former invalidity benefit and as such carries a reduced level of benefit. Elasticity of substitutionElasticity of substitutionThe elasticity of the ratio of two inputs to a production (or utility) function with respect to the ratio of their marginal products (or utilities). With competitive demands, this is also the elasticity with respect to their price ratio. For example, with factors L,K and factor prices w,r, the elasticity of substitution of a production function F(K,L) is s = (wL/rK)d(K/L)/d(w/r). Further SuggestionsVelocityCity code on takeovers and mergers Elasticity of demand for exports City Code Assimilative capacity Import demand elasticity Price elasticity Demand elasticity Cross elasticity Reciprocity Debt capacity Arc elasticity Armington elasticity Supply elasticity Elasticity Capacity building Constant elasticity of substitution function Point elasticity Optimum capacity Income elasticity Specificity rule Kansas City Board of Trade (KCBT) Specificity Scarcity rent |
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