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Economics

basics of economics

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Economics

Boondoggle
Economy; Economics

A boondoggle is a project that wastes time and money; a product of simple manual skill; work of little or no value done merely to keep or look busy.

extra charge
Economy; Economics

In the field of fair trade, it is an additional amount paid by purchasers of products grown in developing countries to promote the social development of the community as well as local producers by ...

Insolvency
Economy; Economics

Inability of an individual or company to pay debts as they fall due.

Patent
Economy; Economics

A legal device to encourage and reward invention by giving exclusive rights to inventors.

Payroll
Economy; Economics

A list of those employed by a given firm, or the amount paid to them.

Joint venture
Economy; Economics

A business where the provision of risk capital is shared between two or more firms.

Franchise
Economy; Economics

The system by which independent firms are authorised to use a common business system.

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