A written, dated, and signed three-party instrument containing an unconditional order by a drawer that directs a drawee to pay a definite sum of money to a payee on demand or at a specified future dat [..]

is the amount by which government spending exceeds government revenues during a specified period of time usually a year.

The ability to produce a good at a lower cost, relative to other goods, compared to another country. With perfect competition and undistorted markets, countries tend to export goods in which they have [..]

A market structure in which two producers of a commodity compete with each other.

The application of statistical and mathematical methods in the field of economics to test and quantify economic theories and the solutions to economic problems.

The process of improving the quality of human life through increasing per capita income, reducing poverty, and enhancing individual economic opportunities. It is also sometimes defined to include bett [..]

An increase in the nation's capacity to produce goods and services.

The underlying amount of physical and financial capital embodied in roads, railways, waterways, airways, and other forms of transportation and communication plus water supplies, financial institutions [..]

The merging to various degrees of the economies and economic policies of two or more countries in a given region. See also common market, customs union, free-trade area, trade creation, and trade dive [..]

A statement of objectives and the methods of achieving these objectives (policy instruments) by government, political party, business concern, etc. Some examples of government economic objectives are [..]