Tag: goods
Eco-Communalism
What is 'Eco-Communalism' An economic/environmental philosophy focused upon local economies, sustainability and self-sufficiency. Eco-communalism is centered upon the belief that many self-sufficient...
X-Efficiency
What is 'X-Efficiency' X-efficiency is the degree of efficiency maintained by individuals and firms under conditions of imperfect competition. According to the...
PPP
Quick Facts The PPP is Purchasing Power Parity Purchasing power parity is used by macro-economic analysts to compare different countries' currencies through a...
Taguchi Method Of Quality Control
What is the 'Taguchi Method Of Quality Control' The Taguchi method of quality control is an approach to engineering that emphasizes the...
E
What is 'E' A temporary fifth character suffix to a symbol for a stock traded on Nasdaq, indicating that the issuer is...
L
What is 'L' The fifth character added to a stock symbol listed on the Nasdaq to denote a miscellaneous situation. When L...
Labor Theory Of Value
Labor Theory Of Value What is the 'Labor Theory Of Value ' The labor theory of value was an early attempt...
What Is Planned Obsolescence
DefinitionIn economics and industrial design, planned obsolescence is a policy of planning or designing a product with an artificially limited useful life, so that...
Labor Intensive
What is 'Labor Intensive'
Labor intensive refers to a process or industry that requires a large amount of labor to produce its goods or services....
Paid-Up Capital
What is 'Paid-Up Capital' Paid-up capital is the amount of money a company has received from shareholders in exchange for shares of...