Download PDF by Phyllis Deane; Jessica Kuper: A Lexicon of economics

By Phyllis Deane; Jessica Kuper

ISBN-10: 0203990277

ISBN-13: 9780203990278

ISBN-10: 0415002346

ISBN-13: 9780415002349

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Outflows of capital, to finance overseas investment, for example, are treated as debits, and inflows of capital are treated as credits. A deficit on current account may be offset or ‘financed’ by a surplus on capital account and vice versa. Since the foreign exchange rate is the price of one currency in terms of another, total credits (the supply of foreign exchange) and debits (the demand for foreign exchange) must be equal if the exchange rate is allowed to fluctuate freely to balance the supply of and demand for foreign currency.

And Hope A. (1977), Current Issues in Accounting, Oxford. W. T. (1979), Accounting for Economic Events, Houston. See also: capital consumption; stock-flow analysis. Advertising Advertising is a way of drawing attention to goods offered for sale. Its aim may include the enhancing of a reputation as well as inducing immediate purchase, for example, political and charitable advertising, announcement of corporate trading results, and the sponsorship of sports or cultural events. ADVERTISING 7 Media employed include journals, newspapers, television, radio, cinema, bill hoardings and direct mail.

The latter are largely (statistically) successful in accounting for the characteristic positive skew observed in most firm size distributions and for the steady increase in concentration (‘spontaneous drift’). They do not, however, provide a true economic understanding of the forces at work. Empirically, mergers have also been identified as a major source of concentration increases. P, or aggregate manufacturing of the top 100 corporations. In the UK this rose dramatically from 16 per cent in 1909 to 40 per cent in 1968 and then remained constant up to 1980.

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A Lexicon of economics by Phyllis Deane; Jessica Kuper

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