Economics key terms H-I
- Created by: Nicolas Price
- Created on: 20-06-13 16:39
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Hard currency
- Money people can trust. A hard currency is expected to retain its value, or even benefit from appreciation, against softer currencies.
Hedge
- Reducing your risks.
Hedging
- Involves deliberately taking on a new risk that offsets an existing one, such as your exposure to an adverse change in an exchange rate interest rate or commodity price.
Horizontal equity
- A way to keep taxation fair. It means that people with a similiar ability to pay taxes should pay the same amount.
Horizontal integration
- Two firms merging that are similar.
Human capital
- The stuff that enables people to earn a living. Human capital can be increased by investing in education, training and health care.
IMF
- Interantional monetary fund, referee and rescuer of the world's financial system.
Imports
- The purchase of foreign goods and services.
Income
- The flow of money to the factors of production: wages to labour: profit to enterprise and capital: interest also to capital: and rent to land.
Income demand
- A change in the demand for a good or service caused by a change in the income of consumers, rather than a change in interest rates.
Income…
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