Tag: goods
Knowledge Economy
DefinitionThe knowledge economy is the use of knowledge to generate tangible and intangible values. Technology, and in particular, knowledge technology, helps to incorporate part...
Hyperinflation
DefinitionIn economics, hyperinflation is very high and typically accelerating inflation. It quickly erodes the real value of the currency, as the prices of most...
Harmonized Index Of Consumer Prices (HICP)
What is the Harmonized Index of Consumer Prices (HICP)?
The Harmonized Index of Consumer Prices (HICP) is a measure of inflation produced by Eurostat, the...
Harmonized Sales Tax – HST
DefinitionThe harmonized sales tax is a consumption tax in Canada. It is used in provinces where both the federal goods and services tax and...
Yearly Price Of Protection Method
What is 'Yearly Price Of Protection Method' A method used in actuarial analysis, which is often used in the insurance industry. The...
Import And Export Prices
What is 'Import And Export Prices' Two indexes that monitor the prices of imports and exports in the United States. The import...
Implied Contract Terms
What are 'Implied Contract Terms' Implied contract terms are items that a court will assume are intended to be included in a...
Implementation Shortfall
DefinitionIn financial markets, implementation shortfall is the difference between the decision price and the final execution price for a trade. This is also known...
Implied Warranty
DefinitionIn common law jurisdictions, an implied warranty is a contract law term for certain assurances that are presumed to be made in the sale...
Import Substitution Industrialization – ISI
DefinitionImport substitution industrialization is a trade and economic policy which advocates replacing foreign imports with domestic production. ISI is based on the premise that...