Economics

Economics

basics of economics

Industry: Economy

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Economics

Buyer's market

Economy; Economics

A market in which supply seems plentiful and prices seem low; the opposite of a seller's market.

The long-run pattern of economic growth and recession. According to the centre for International Business Cycle Research at Columbia University, between 1854 and 1945 the average expansion lasted 29 ...

Business confidence

Economy; Economics

How the people who run companies feel about their organizations' prospects. In many countries, surveys measure average business confidence. These can provide useful signs about the current condition ...

Bull

Economy; Economics

An investor who expects the price of a particular security to rise; the opposite of a bear.

Budget

Economy; Economics

An annual procedure to decide how much public spending there should be in the year ahead and what mix of taxation, charging for services and borrowing should finance it. The budgeting process differs ...

Bubble

Economy; Economics

When the price of an asset rises far higher than can be explained by fundamentals, such as the income likely to derive from holding the asset. The Chicago Tribune of April 13th 1890, writing about ...

Bretton Woods

Economy; Economics

A conference held at Bretton Woods, New Hampshire, in 1944, which designed the structure of the international monetary system after the second world war and set up the IMF and the world bank. It was ...