Economics

Economics

basics of economics

Industry: Economy

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Economics

Nationalisation

Economy; Economics

When a government takes ownership of a private-sector business. nationalisation was a fashionable part of the mix in countries with a mixed economy between 1945 and 1980, after which the ...

National income

Economy; Economics

Shorthand for everything that is produced, earned or spent in a country (see GDP and GNP).

Non-government organisation (NGO)

Economy; Economics

Although such groups have existed for generations (in the early 1800s, the British and Foreign Anti-Slavery Society played a powerful part in abolishing slavery laws), recent social and economic ...

Nominal value

Economy; Economics

The value of anything expressed simply in the money of the day. Since inflation means that money can lose its value over time, nominal figures can be misleading when used to compare values in ...

The sixth annual prize established in memory of Alfred Nobel. Strictly speaking, this is not a fully fledged Nobel prize, as it was not mentioned in Nobel's will, unlike the five prizes established ...

New trade theory

Economy; Economics

Although most economists support free trade, in the 1970s a growing number of them became increasingly puzzled by the large differences between the predictions of free trade theory and real-world ...

New economy

Economy; Economics

In the last years of the 20th century, some economists argued that developments in information technology and globalisation had given birth to a new economy (first, in the United States), which had a ...