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q what is debt burdendebt burdenreal economic importance of a debt relies on interest rate that should be paid on debt and on total income of
q define debtdebttotal amount of money owed by a company individual or other organization to banks or other lenders is their debt it represents
credit squeezeat times private banks become reluctant to issue new credit andloans frequently because they are worried about risk of default by
q define creditcreditability to purchase something without immediately paying for it - through a credit card or bank loan a mortgage or any other
q explain about counter-cyclical policiescounter-cyclical policiesgovernments may take many different actions to offset ongoing booms and busts of
when a worker is fired orlaid off they experience a significant out-of-pocket cost that cost of job loss relies on how much they were earning in
corporatisma system for managing income distribution andwage determination in that wage levels are determined centrally across industries or even
q what is corporationa corporation is a form of business established as an independent legal entity separate from individuals who own it a main
services and goods that are used for their ultimate end purpose meeting some human desire orneed consumption may include private consumption by
q describe consumer price indexconsumer price indexconsumer price index cpi is a measure of overall price level paid by consumers for various
conditionality international financial institutions such as world bank andinternational monetary fund usually attach strong conditions to emergency
comparative advantagea theory of international trade which originated with david ricardo in early 19th century and is maintained in revised form
q what is climate changeclimate changeas a consequence of cumulative emission of carbon dioxide a by-product of fossil fuel use and other chemicals
q describe classical economicsclassical economicstradition of economics which began with adam smith and continued with other theorists including
q central planning of economic systemcentral planning an economic system in that crucial decisions regarding consumption investment exchange rates
q explain function of central bankcentral bank a public financial institution generally established at the national level and controlled by a
carbon tax an environmental tax that is imposed on products that utilize carbon-based materials and thus contribute to greenhouse gas pollution
q explain abput capitalist classcapitalist classgroup of individuals which represents just a couple of percent of population in advanced capitalist
q describe about capitalismcapitalism an economic system in that privately-owned businesses and companies undertake most economic activity with the
capital gain a capital gain is a form of profit which is earned on an investment by re-selling an asset for more than it cost to buy assets that can
q explain about capital flightcapital flight a destructive process in that investors both domestic residents and foreigners withdraw their financial
q explain capital adequacycapital adequacy capital adequacy rules are loose regulations which are imposed on private banks in hope of ensuring that
capital broadly defined capital represents tools that people use when they work to make their work more efficient andproductive under capitalism
q explain about capacity utilizationcapacity utilization a company or economys capacity represents maximum amount of output it can produce rate of
q what do you mean by bondbond a financial security that represents promise of its issuer generally a company or a government to repay a loan over a