26 Results for Tag: theories

Eclectic Paradigm

DefinitionThe eclectic paradigm is a theory in economics and is also known as the OLI-Model or OLI-Framework. It is a further development of the internalization theory and published by John


DefinitionEconometrics is the application of statistical methods to economic data and is described as the branch of economics that aims to give empirical content to economic relations. More


Eco-Communalism What is 'Eco-Communalism' An economic/environmental philosophy focused upon local economies, sustainability and self-sufficiency. Eco-communalism is centered upon the belie

Labor Theory Of Value

Labor Theory Of Value What is the 'Labor Theory Of Value ' The labor theory of value was an early attempt by economists to explain why goods were exchanged for certain prices on the marke


A-Credit What is 'A-Credit' The highest credit grade available as assigned to a borrower by a lender. Lenders use a credit grading system to qualify borrowers. The higher the borrower's cr


NAD What is 'NAD' In currencies, this is the abbreviation for the Namibia Dollar. Explaining 'NAD' The currency market, also known as the Foreign Exchange market, is the largest financi
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