Economics

Aggregate Demand (AD) is an economic measurement of the total amount of demand for all finished goods and services produced in an economy. Aggregate demand…

In economics, the absence rate is the ratio of workers with absences to total full-time wage and salary employment. It is an unavoidable challenge in…

Act of God An act of God describes an event outside of human control or activity. In essence, the phrase “Acts of God” refers to…

Abandonment An abandonment clause in a property insurance contract, under certain circumstances, permits the property owner to abandon lost or damaged property and still claim…

A stabilization policy is a package or set of measures introduced to stabilize a financial system or economy. It is a policy enacted by a…

Bangladesh remarkably steady growth was possible due to a number of factors including population control, financial deepening, macroeconomic stability, and openness in the economy. Below…

The country inherited a shattered economy after the war of liberation of 1971. Mills and factories were closed down, agricultural production was interrupted and infrastructural…

Entrepreneurship refers to the organizing factor in the process of production. It embraces activities of entrepreneurs relating to such economic decisions as what to produce,…

Diseconomies of Scale Definition: Diseconomies of scale lead the marginal cost of a product to increase as a company grows. This typically follows the law…

Consumption tax A consumption tax is a tax on spending on goods and services. The tax base of such a tax is the money spent…

To tax is to impose a financial charge or another levy upon a taxpayer (an individual or legal entity) by a state or the functional…

Cost-Effectiveness Analysis Cost-effectiveness analysis (CEA) is a method of comparing the cost and effectiveness of two or more alternatives. CEA is an alternative to cost-benefit…