General Equilibrium Theory
DefinitionIn economics, general equilibrium theory attempts to explain the behavior of supply, demand, and prices in a whole economy with several or many interacting...
General Agreement On Tariffs And Trade (GATT)
DefinitionGeneral Agreement on Tariffs and Trade was a legal agreement between many countries, whose overall purpose was to promote international trade by reducing or...
Geographical Pricing
Definition Geographical pricing, in marketing, is the practice of modifying a basic list price based on the geographical location of the buyer. It is intended...
General And Administrative Leverage
What is 'General And Administrative Leverage' A variable within a cost benefit analysis of an acquisition where the potential reduction in overall...
George A. Akerlof
Who is George Akerlof George A. Akerlof is an American economist who won the 2001 Nobel Memorial Prize in Economic Sciences. He is a University...
Generation-Skipping Trust
What is a 'Generation-Skipping Trust' A generation-skipping trust is a type of legally binding trust agreement in which the contributed assets are...
General Order (GO)
What is 'General Order - GO' A status given to imported goods that are missing the proper documentation or are not quickly...
Garage Liability Insurance
What is Garage Liability Insurance and why do you need it Garage liability insurance is a type of insurance specifically for businesses that offer automotive...
Generic Brand
DefinitionGeneric brands of consumer products are distinguished by the absence of a brand name. It is often inaccurate to describe these products as "lacking...
Genuine Progress Indicator (GPI)
What is the Genuine Progress Indicator (GPI)? The Genuine Progress Indicator (GPI) is a metric that was developed in the 1990s as an alternative to...