ECONOMICS FOR EVERYONE: ON-LINE GLOSSARY OF TERMS …
the use of money as an intermediary. Bond: A financial security which represents the promise of its issuer (usually a company or a government) to repay a loan over a specified time period, at a specified rate of interest. The bond can then be bought and sold to …
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ECONOMICS FOR EVERYONE: ON-LINE GLOSSARY OF TERMS …
economicsforeveryone.cafrom 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.
ECONOMICSFOR ON-LINE GLOSSARY OF TERMS & …
economicsforeveryone.caeconomic 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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