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University of Michigan
Industry: Education
Number of terms: 31274
Number of blossaries: 0
Company Profile:
A measure of factor content that includes factors used in producing intermediate inputs, factors used in producing intermediate inputs ''to'' the intermediate inputs, and so forth. That is, it includes all primary factors that contributed however indirectly to production of the good. Contrasts with direct factor content.
Industry:Economy
1. Any reduction in price or value, especially when below a stated or normal price. 2. To buy or sell commercial paper at a price below face value to account for interest to accrue before maturity. 3. To attach a lower weight to the importance -- or utility derived from -- one thing compared to another, as in time preference that discounts later consumption compared to earlier.
Industry:Economy
1. The rate, per year, at which future values are diminished to make them comparable to values in the present. Can be either subjective (reflecting personal time preference) or objective (a market interest rate). 2. The interest rate that the Fed charges commercial banks for very short-term loans of reserves. One of the tools of monetary policy.
Industry:Economy
A higher tariff against one source of imports than against another. Except in special circumstances, such as anti-dumping duties, this is a violation of MFN and is prohibited by the WTO against other members.
Industry:Economy
1. Inequality of supply and demand. 2. An untenable state of an economic system, from which it may be expected to change.
Industry:Economy
1. To allow a stock of capital to become smaller over time, either by selling parts of it or by allowing it to depreciate without replacing it. 2. To reduce inventories, either absolutely or by more than any increase in plant and equipment. 3. To sell all or a portion of a portfolio of financial assets.
Industry:Economy
1. The productive activity of getting produced goods from the factory into the hands of consumers. 2. The amounts of income or wealth in the hands of different portions of a population.
Industry:Economy
A portfolio that includes a variety of assets whose prices are not likely all to change together. In international economics, this usually means holding assets denominated in different currencies.
Industry:Economy
A requirement that goods sold in a country contain a certain minimum of domestic value added.
Industry:Economy
A type of U. S. Corporation, authorized in 1971, with income primarily from exports. Usually wholly owned U. S. Subsidiaries, DISCs had special treatment in borrowing or taxation. A 1976 GATT case found against the U. S. , which reached a compromise settlement with the EC in 1981. DISC was replaced in 1984 by foreign sales corporations.
Industry:Economy