In economics, the GDP deflator is a measure of the level of prices of all-new, domestically produced, final goods and services in an economy in a year. It measures the changes in prices for all of the goods and services produced in an economy. GDP stands for gross domestic product, the total mone.....
Typefaces A typeface is a set of characters of the same design. Typefaces come in several sizes and usually in several fonts (bold, italic, etc.). These characters include letters, numbers, punctuation marks, and symbols. Courier and Prestige Elite are fixed typefaces and hence they cannot accomm.....
Treasury Bill It is a bill of exchange issued by the government of a country to borrow money from the public or organizations. It has a maturity of one year or less and they do not pay interest before the expiry of the maturity period. It is a short-term U.S. government debt obligation backed by .....
A consumer price index measures changes in the price level of a weighted average market basket of consumer goods and services purchased by households. It is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical.....
Working Capital is the difference between a company’s current assets, such as cash, accounts receivable, and inventories of raw materials and finished goods, and its current liabilities, such as accounts payable. Business organization requires adequate capital to establish business and operate .....
The term “hedonic” refers to the concept that the value of a home can be determined by looking at the value of the constituent components of a home. A hedonic index is any price index that uses information from hedonic regression, which describes how product price could be explained b.....
Classification of Working Capital Working Capital refers to a firm’s investment in short term assets-cash, short term securities, accounts receivable, and inventories. It can be categorized on basis of Concept (gross working capital and net working capital) and basis of time (Permanent/ fixed W.....
A trade union is usually an association of wage earners formed for the purpose of their mutual help and improvement of the conditions of their employment. It is an organization made up of members and its membership must be made up mainly of workers. They are associations of workers or organizatio.....
Dynamic pricing is a method firms use to constantly adjust the price of goods/services depending on demand. It also referred to as demand pricing, or time-based pricing is a pricing strategy in which businesses set flexible prices for products or services based on current market demands. For exam.....
Hedonic regression is the use of a regression model to estimate the influence that various factors have on the price of a good, or sometimes the demand for a good. In economics, hedonic regression theory is a revealed preference method of estimating the demand for a good, or equivalently its valu.....
Wage Differential A wage differential refers to the difference in wages between people with similar skills within different localities or industries. It is a term used in labor economics to analyze the relationship between the wage rate and the unpleasantness, risk, or other undesirable attribute.....
Trade Mark A trademark is typically a name, word, phrase, logo, symbol, design, image, or a combination of these elements. It is a sign capable of distinguishing the goods or services of one enterprise from those of other enterprises. It is a particular mark, stamp, or .device, which is affixed o.....