Tag: goods

DefinitionIn statistics, observable variable or observable quantity, as opposed to latent variable, is a variable that can be observed and directly measured. Manifest Variable...

What is 'Make A Market' An action whereby a dealer stands by ready, willing and able to buy or sell a particular...

What is 'Ability-To-Pay Taxation' Ability-to-pay taxation is a progressive taxation principle that maintains that taxes should be levied according a taxpayer's ability...

What is 'Absolute Physical Life' The length of time that it takes for an asset takes to become fully depreciated, at which...

DefinitionIn economics, the principle of absolute advantage refers to the ability of a party to produce a greater quantity of a good, product, or...

What is 'Absorbed Account' An account that has been combined or that has merged with another related account. Accounts are often absorbed...

What is 'Above The Market' An order to buy or sell at a price set higher than the current market price of...

What is 'Abnormal Spoilage' The waste or wrecking of inventory beyond what is expected in normal business processes. Abnormal spoilage can be...

What is an absorbed cost and how does it impact a business's bottom line An absorbed cost is an overhead cost that has been fully...

What is the absorption rate The real estate absorption rate is the rate at which properties are sold in a specific market. It is calculated...