Tag: product
Yield Variance
What is 'Yield Variance' Yield variance is the difference between actual output and standard output of a production or manufacturing process, based...
Implied Warranty
DefinitionIn common law jurisdictions, an implied warranty is a contract law term for certain assurances that are presumed to be made in the sale...
National Treatment
DefinitionNational treatment is a principle in international law vital to many treaty regimes. It essentially means treating foreigners and locals equally. Under national treatment,...
National Market System Plan (NMSP)
What is 'National Market System Plan - NMSP' A nationwide system used in the United States for the selection and reservation of...
National Income Accounting
What is National Income Accounting
National income accounting is used to track a country's economic activity and growth. It measures the total value of all...
Import Duty
Import Duty What is an 'Import Duty ' Import duty is a tax collected on imports and some exports by the...
Natural Monopoly
DefinitionA natural monopoly is a monopoly in an industry in which high infrastructural costs and other barriers to entry relative to the size of...
Oligopoly
DefinitionAn oligopoly is a market form wherein a market or industry is dominated by a small number of large sellers. Oligopolies can result from...
Offline Debit Card
What is 'Offline Debit Card' A card that combines characteristics of both a traditional (online) debit card and a credit card, allowing...
Oligopsony
What is an oligopsony and what are the effects on sellers
An oligopsony is a market structure in which there are only a few buyers....