- Industry: Economy; Printing & publishing
- Number of terms: 15233
- Number of blossaries: 1
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Interest calculated only on the initial amount ¬borrowed or invested. Contrast with compound interest.
Industry:Economy
The overall impact of an economic activity on the welfare of society. Social benefits/costs are the sum of private benefits/costs arising from the activity and any externalities.
Industry:Economy
The amount of community spirit or trust that an economy has gluing it together. The more social capital there is, the more productive the economy will be. Yet, curiously, one of the best-known books to address the role of social capital, "Bowling Alone", by Robert Putnam of Harvard University, pointed out that Americans were far less likely to be members of community organizations, clubs or associations in the 1990s than they were in the 1950s. He illustrated his thesis by charting the decline of bowling leagues. Yet the American economy has gone from strength to strength. This has led some economists to question whether social capital is really as important as the theory suggests, and others to argue that membership of bowling leagues and other community organizations is simply not a good indicator of the amount of social capital in a country.
Industry:Economy
The name given to the economic arrangements devised in Germany after the second world war. This blended market capitalism, strong labor protection and union influence, and a generous welfare state. The phrase has also been used to describe attempts to make capitalism more caring, and to the use of market mechanisms to increase the efficiency of the social functions of the state, such as the education system or prisons. More broadly, it refers to the study of the different social institutions underpinning every market economy.
Industry:Economy
The exact meaning of socialism is much debated, but in theory it includes some collective ownership of the means of production and a strong emphasis on equality, of some sort.
Industry:Economy
A currency that is expected to drop in value relative to other currencies.
Industry:Economy
The value of research services that brokerage companies provide “free” to investment managers in exchange for the investment managers’ business. Economists disagree on whether or not such hidden payments are economically inefficient.
Industry:Economy
A loan provided at below the market interest rate. Soft loans are used by international agencies to encourage economic activity in developing countries and to support non-commercial activities.
Industry:Economy
The risk that a government will default on its debt or on a loan guaranteed by it.
Industry:Economy
Created in 1967, the SDR is the IMF's own currency. Its value is based on a portfolio of widely used currencies.
Industry:Economy
