Tag: product

What is 'Yield Variance' Yield variance is the difference between actual output and standard output of a production or manufacturing process, based...

DefinitionIn common law jurisdictions, an implied warranty is a contract law term for certain assurances that are presumed to be made in the sale...

DefinitionNational treatment is a principle in international law vital to many treaty regimes. It essentially means treating foreigners and locals equally. Under national treatment,...

What is 'National Market System Plan - NMSP' A nationwide system used in the United States for the selection and reservation of...

What is National Income Accounting National income accounting is used to track a country's economic activity and growth. It measures the total value of all...

Import Duty What is an 'Import Duty ' Import duty is a tax collected on imports and some exports by the...

DefinitionA natural monopoly is a monopoly in an industry in which high infrastructural costs and other barriers to entry relative to the size of...

DefinitionAn oligopoly is a market form wherein a market or industry is dominated by a small number of large sellers. Oligopolies can result from...

What is 'Offline Debit Card' A card that combines characteristics of both a traditional (online) debit card and a credit card, allowing...

What is an oligopsony and what are the effects on sellers An oligopsony is a market structure in which there are only a few buyers....