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Level playing field is a concept about justness, not that each player has an equal chance to ensure, but that they all play by a…

Demonstration effects are effects within the behavior of individuals brought on by observation of what of others as well as their consequences. The term is…

Leakage effect is usually a situation in which usually capital, or revenue, exits an economic system, or system, as an alternative to remains within the…

Intermediate Good is an intermediate good is a good or service that may be used in the actual eventual production of final good, or finished…

Intermediate consumption is definitely an economic concept used in national accounts, such as the United Nations Program of National Records (UNSNA), the European Nation’s Income…

The concepts of institutional complementarity has deep roots in the social sciences. Institutional complementarity describes situations of interdependence amid institutions. This concept can often be…

Infant industry is the supposition that promising domestic industries need protection against global competition until they become mature in addition to stable. In economics, infant industry…

Hundis have a long history in India. Written records show their use at least dating back the sixteenth century. A hundi is really a financial…

Spontaneous order is the spontaneous emergence of order from seeming chaos. It’s a process found inside physical, biological, and support systems, as well seeing that…

A free price system is a form of economic system during which supply and demand are the primary drivers connected with what occurs for the…

The local multiplier effect describes additional economic benefit accrued for an area from cash being spent from the local economy. The term have been taken…

Multiplier uncertainty is lack of perfect knowledge with the multiplier effect of any particular policy activity, such as any monetary or budgetary policy change, upon…