Tag: economics
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...
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...
General Order (GO)
What is 'General Order - GO' A status given to imported goods that are missing the proper documentation or are not quickly...
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...
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...
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 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...
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...
Gemology
DefinitionGemology or gemmology is the science dealing with natural and artificial gemstone materials. It is considered a geoscience and a branch of mineralogy. Some...
Gap Insurance
DefinitionGuaranteed Auto Protection insurance was established in the North American financial industry. GAP insurance is the difference between the actual cash value of a...