Академический Документы
Профессиональный Документы
Культура Документы
result in uncertainty for households and firms. It could also hurt those with fixed
income, such as those in retirement or students.
Interest-rate: the proportion of a loan that is charged as interest to the borrower,
typically expressed as an annual percentage of the loan outstanding.
Investment: the action or process of investing money for profit or material result.
Labour force: all the members of a particular organization or population who are
able to work, viewed collectively.
Lending rate: Lending rate is the bank rate that usually meets the short- and
medium-term financing needs of the private sector. This rate is normally
differentiated according to creditworthiness of borrowers and objectives of
financing.
Loan Low-income: The report defines low-income working families as those earning
less than twice the federal poverty line. In 2011, the low-income threshold for a
family of four with two children was $45,622. Between 2007 and 2011, the share of
working families who are low income increased from 28 percent to 32.1 percent.
Monetary policy: is the macroeconomic policy laid down by the central bank. It
involves management of money supply and interest rate and is the demand side
economic policy used by the government of a country to achieve macroeconomic
objectives like inflation, consumption, growth and liquidity.
Mortgage: the charging of real (or personal) property by a debtor to a creditor as
security for a debt (especially one incurred by the purchase of the property), on the
condition that it shall be returned on payment of the debt within a certain period.
Oligopoly: a state of limited competition, in which a market is shared by a small
number of producers or sellers.
Retail prices: The total price charged for a product sold to a customer, which
includes the manufacturer's cost plus a retailmarkup.
Retirement: the action or fact of leaving one's job and ceasing to work.
Service: A type of economic activity that is intangible, is not stored and does not
result in ownership. A service is consumed at the point of sale. Services are one of
the two key components of economics, the other being goods.
Stagnate: a prolonged period of slow economic growth (traditionally measured in
terms of the GDP growth), usually accompanied by high unemployment.
Strike: Stoppage of work due to conflict over mandatory issues (issues that must
be resolved through collective bargaining) such as wages or working conditions.
Tax: a compulsory contribution to state revenue, levied by the government on
workers' income and business profits or added to the cost of some goods, services,
and transactions.
Tax credits: A tax credit is a tax incentive which allows certain taxpayers to
subtract the amount of the credit from the total they owe the state. It may also be
a credit granted in recognition of taxes already paid, or (as in the UK) a form of
state support for low earners.
Unemployed: (of a person) without a paid job but available to work.
Wage: a fixed regular payment, typically paid on a daily or weekly basis, made by
an employer to an employee, especially to a manual or unskilled worker.
Wealth: an abundance of valuable possessions or money.