economic sanctions pl n (Government, Politics & Diplomacy) any actions taken by one nation or group of nations to harm the economy of another nation or group, often to force a political change Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers ...
change (chānj) v. changed, chang·ing, chang·es v.tr. 1. a. To cause to be different: change the spelling of a word. b. To give a completely different form or appearance to; transform: changed the yard into a garden. 2. To give and receive reciprocally; interchange: change ...
repayment of fiscal revenue, fiscal expenditure and public debt in order to achieve the established economic goals. Monetary policy: the central bank's policy of changing the supply of money to influence national income and interest rates.
Definition: “Community economic development is sustained progressive change to attain individual and group interests through expanding, intensifying, and adjusting the use of resources; identifying new or expanding markets, altering rules of economic activities to facilitated adjustments to changing ...
Popular in Grammar & Usage See All Using Bullet Points ( • ) Why is '-ed' sometimes pronounced at the end of a word? What's the difference between 'fascism' and 'socialism'? More Commonly Misspelled Words Words You Always Have to Look Up ...
The aggregate supply curve in phase 1 is perfectly elastic because at low levels of economic activity,firms can raise their levels of output without incurring higher average costs.(the existence of spare capacity) Phase 2: As the economy app...
Although the term is sometimes used as a synonym for economic growth, generally it is employed to describe a change in a country’s economy involving qualitative as well as quantitative improvements. The theory of economic development—how primitive and poor economies can evolve into sophisticated ...
In the end, the recovery can change the patterns of economic activity in an economy, sometimes drastically and sometimes in barely noticeable ways. The economy heals the damage during the preceding parts of the business cycle by reallocating, reusing, and recycling resources into new uses, in an...
Definition of Economics in Retrospective: Two Epistemological Tensions That Explain the Change of the Study Object in EconomicsVALUE (Economics)RESEARCH questionsGENDER mainstreamingDEFINITIONSECONOMIC researchECONOMIC historyThroughout history, schools of economic thought have defined political economy鈥攐r ...
An economic growth rate is the percentage change in the value of all of the goods and services produced in a nation during a specific period of time, as compared to an earlier period.