Tag: goods

Manifest Variable

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

Make A Market

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

Ability-To-Pay Taxation

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...

Absolute Physical Life

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

Absolute Advantage

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

Absorbed Account

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

Above The Market

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

Abnormal Spoilage

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

Real Bills Doctrine

DefinitionThe real bills doctrine asserts that money should be issued in exchange for short-term real bills of adequate value. The doctrine was developed by...

Real Economic Growth Rate

What is the 'Real Economic Growth Rate' The real economic growth rate measures economic growth, in relation to gross domestic product (GDP),...

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