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HHI: The common abbreviation for the Herfindahl-Hirshman index (or the Herfindahl index), which is a measure of concentration of the production in an industry that's calculated as the sum of the squares of market shares for each firm. This is an alternative method of summarizing the degree to which an industry is oligopolistic and the relative concentration of market power held by the largest firms in the industry. The Herfindahl index gives a better indication of the relative market control of the largest firms than can be found with the four-firm and eight-firm concentration ratios.
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Lesson 11: Circular Flow | Unit 2: Financial Markets
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Page: 10 of 22
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- The main function of financial markets, which is to divert national income from household consumption to business investment.
- The difference between the real or physical side of the economy (the production of goods that satisfy wants and needs) and the paper or financial side (legal claims on or ownership of physical resources, goods, and production).
- How income is diverted from legal-claim buyer to legal-claim seller through the financial markets.
- Why saving can be thought as a nonconsumption use of income, as making a loan, or as supplying income to the financial markets in exchange for a legal claim.
- Two basic reasons to save: (1) in return for an interest payment or (2) to accumulate income that can be spent later.
- Investment, which is business sector expenditures on gross domestic product for capital goods.
- How the business sector borrows income through financial markets and uses this income flow to finance capital investment.
- Why adding saving, investment, and financial markets does not change the total volume of the circular flow.
- That imbalances between saving and investment trigger economic stability, business cycles, unemployment, and inflation.
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AMERICAN ASSOCIATION FOR THE ADVANCEMENT OF SCIENCE A scientific society whose main mission is to advance science and innovation throughout the world. The American Association for the Advancement of Science (AAAS for short) publishes one of the most respected scientific magazines called Science. The association and magazine have nearly 140,000 individual and institutional subscribers, plus 272 affiliated organizations in more than 130 countries, serving a total of 10 million individuals. The American Association for the Advancement of Science was founded in 1848 to represent all disciplines of science and to support scientific exchange and discussion of science and society issues.
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BLACK DISMALAPOD
[What's This?]
Today, you are likely to spend a great deal of time looking for a downtown retail store looking to buy either a dozen high trajectory optic orange golf balls or a large red and white striped beach towel. Be on the lookout for the happiest person in the room.
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Before 1933, the U.S. dime was legal as payment only in transactions of $10 or less.
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"Experience keeps a dear school, but fools will learn in no other. " -- Benjamin Franklin
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ME
Montreal Exchange
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