Tag: country
Labor Market Flexibility
What is labor market flexibility and why is it important
Labor market flexibility is the ability of businesses to respond quickly to changes in market...
V-Shaped Recovery
What is V-shaped Recovery
A V-shaped recovery is when an economy rebounds quickly after a sharp decline. The name comes from the shape of the...
J-Curve Effect
DefinitionA J curve is any of a variety of J-shaped diagrams where a curve initially falls, then steeply rises above the starting point. J-Curve...
KSOP
What is 'KSOP' A qualified retirement plan that combines an employee's stock ownership plan (ESOP) with a 401(k). Under this type of...
Xenocurrency
What is 'Xenocurrency' A currency that trades in markets outside of its domestic borders. The term "xenocurrency" is derived from the prefix...
Macro Accounting
What is 'Macro Accounting' Accounting for the total or aggregate economic activities of a nation. Macro accounting forms the basis for the...
J Curve
What is 'J Curve' A theory stating that a country's trade deficit will worsen initially after the depreciation of its currency because...
Game Changer
What is a 'Game Changer' 1. A person who is a visionary. 2. A company that alters its business strategy and conceives...
Occupational Labor Mobility
What is 'Occupational Labor Mobility' Refers to the ease with which workers can switch career fields to find gainful employment or meet...
GDP Price Deflator
What is the 'GDP Price Deflator' GDP price deflator is an economic metric that accounts for inflation by converting output measured at...