My own economic English dictionary:Open Dictionary PRO

My own economic English dictionary

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#Humanity/Education

Author Edward
Entry 20

Type Language (Basic)
Language Entry-
Status Public

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Edward (Manager)

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This is a user participation dictionary and may include inaccurate information.

Entry List

Sharing economy

The sharing economy refers to an economy based on collaborative consumption in which products produced once are shared and used by several people, changing goods from the existing concept of "ownership" to "sharing."

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Galápagos syndrome

It means that technologies, services, and products specialized in the local market are developed, which does not meet international standards and the global market, and eventually becomes isolated in the global market regardless of technology. Regardless of the level of technology, Japanese home appliances are representative of the situation that cannot be used in the global market.

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The Tragedy of the Commons

It describes the economic and scientific situation in which an individual runs out of resources when acting on benefits to open resources such as underground resources, grasslands, air, and meat in lakes.

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Earnings attached to money. It's sometimes called earnings from converting time into money. It is also called "interest rate."

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A phenomenon in which the actual income of the general public decreases due to the expansion of the amount of money, the value of money plunges, and prices continue to rise.

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It means a general and continuous decline in prices of goods and services in a country's economy. Deflation is understood as the opposite concept of general and sustained inflation.

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FTA

It is a treaty in which two or more countries mutually agree to remove trade barriers such as import and export tariffs and market share restrictions.

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A key currency

A key currency is a currency that can be freely used anywhere in the world. In general, in order to become a key currency, it must have a leading power in the global economy. Its power is subject to compatibility, stability of value, and advanced financial markets in the currency board that are widely used in all international transactions.

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GDP

It means the sum of the market value of goods and services produced in a country over a period of time, and is usually measured on a one-year basis.

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Monetary policy

It refers to a series of measures taken by the government and the central bank to maintain economic growth or stability when implementing policies such as money supply, usefulness, currency value, and interest rates.

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It refers to the interest rate established when a fund loan is made in the call market. The movement of the call rate is severe because it is affected by changes in financial institutions' financial conditions.

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Balloon effect

The balloon effect is a phenomenon in which another problem arises when a problem is solved, and it is an expression that is similar to a phenomenon in which the other side swells when the balloon is pressed. It is also used as an economic term for blocking all legitimate supply by using public power or other compulsory means, but supply is made in any form as long as there is demand.

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Stagflation

It refers to the simultaneous occurrence of bad conditions such as an economic downturn and high inflation. The reason this is scary is not just because two bad situations happen at the same time. The fear of stagflation is that policies to solve one problem can rather worsen another.

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Economic growth rate

Basically, it is calculated based on how much it has grown compared to the previous year based on real GDP. Before the 1980s, statistics were prepared based on real GNP, but after that, they are calculated based on real GDP. The reason is that as foreign investment and multinational corporations increase, gross domestic product (GDP) was judged to be a more accurate indicator than the existing gross national product (GNP).

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Neo-liberalism

It is one of the economic liberals based on the trend of "globalization of capital" that began to emerge in the 1970s, recognizing the need for social policy by the state for the defects of laissez-faire liberalism in the 19th century, but also trying to protect the tradition of capitalism and counter socialism.

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The bonds are securitized debt securitized by central or local governments, state-run companies, financial institutions, companies, and other corporations to lend money to create assets to implement policies or projects after a set deadline. a debt instrument for buying and selling, to put it simply

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Wimbledon Effect

It is an economic term referring to the phenomenon in which foreign capital dominates the domestic market.

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Consumer price index

It is an index that measures the average price of goods and services that households purchase for consumption. It is a kind of price index calculated by national statistical agencies. Inflation can be measured by the rate of change in the consumer price index. The consumer price index can be used to adjust the impact of inflation by linking wages, salaries, pensions, and prices. The Consumer Price Index, along with the census, is the basic economic statistics of the country.

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Economy is the human act of producing and consuming goods. Alternatively, it refers to all human activities related to the production, exchange, distribution, and consumption of goods and services in a particular country or other country. In other words, it refers to the reciprocity behavior of living groups. Quite simply, it's a field of living.

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The Grey Rhino

Anyone can recognize that the rhino is approaching due to its two-ton scale, the vibrations and sounds of the ground shaking greatly. In comparison, although some signs of danger continue to appear and can be fully expected in advance, the gray rhino expresses a situation in which the impact is overlooked and cannot be fully responded.

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