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ECONOMICSFOR ON-LINE GLOSSARY OF TERMS & …

economic growth, which in turn stimulates further investment spending (as businesses enjoy stronger demand for their products). This positive feedback loop (investment causes growth which causes more investment) is called the accelerator. Allocative Efficiency: A …

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  Economic, Terms, Line, Efficiency, Glossary, Allocative, Allocative efficiency, Line glossary of terms amp

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ECONOMICS FOR EVERYONE: ON-LINE GLOSSARY OF …

economicsforeveryone.ca

Central Planning: An economic system in which crucial decisions regarding investment, consumption, interest rates, exchange rates, and price determination are made by central government planners (rather than determined by market forces).

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ECONOMICS FOR EVERYONE: ON-LINE GLOSSARY OF TERMS …

economicsforeveryone.ca

from their personal incomes) or public consumption (such as education or health care – consumption organized and paid for by government). Consumption is distinct from investment, which involves using produced goods and services to expand future production.

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