|
|
AMORTIZATION: The process of paying off a debt liability and accrued interest through a series of equal, periodic payments. Car loans and mortgages are two debts commonly paid off through amortization. Your monthly car payment, for example, partially pays for interest accrued on the outstanding balance and partly reduces that balance. Because one payment reduces the outstanding balance, each subsequent payment has a smaller portion for interest. If the proper amortization schedule has been calculated, your loan will be paid off with the last payment.
Visit the GLOSS*arama
|
|
|
|
                          
AUTONOMOUS EXPENDITURE: An aggregate expenditure (you know them as consumption, investment, government purchases, and net exports) that is unrelated to national income or gross domestic product. These four aggregate expenditures are conveniently separated into two types, autonomous, which is our current topic of expenditures unrelated to national income or GDP, and induced expenditures, expenditures which ARE related to national income or GDP. Autonomous expenditures cause shocks in the macroeconomy, which result in changes in income and production. These income/production changes then "induce" further changes in aggregate expenditures, our induced expenditures. See also | aggregate expenditures | induced expenditure | consumption expenditures | investment expenditures | government purchases | net exports | gross domestic product | national income | business cycle | multiplier | accelerator |
Recommended Citation:AUTONOMOUS EXPENDITURE, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2026. [Accessed: August 14, 2026].
Search Again?
Back to the GLOSS*arama
|
|
|
LAW OF COMPARATIVE ADVANTAGE A principle that states that every nation, worker, or production entity has a production activity that incurs a lower opportunity cost than that of another nation, worker, or production entity, which means that trade between the two can be beneficial to both if each specializes in the production of a good with lower relative opportunity cost. This law is most often studied in the confines of international trade, but it also applies to labor and other types of production.
Complete Entry | Visit the WEB*pedia |
|
|
YELLOW CHIPPEROON
[What's This?]
Today, you are likely to spend a great deal of time at the confiscated property police auction trying to buy either a set of hubcaps or handcrafted decorations to hang on your walls. Be on the lookout for gnomes hiding in cypress trees.
Your Complete Scope
This isn't me! What am I?
|
|
|
The first "Black Friday" on record, a friday marked by a major financial catastrophe, occurred on September 24, 1869 -- A FRIDAY -- when an attempted cornering of the gold market induced a financial crises and economy-wide depression.
|
|
|
"And while the law of competition may be sometimes hard for the individual, it is best for the race, because it ensures the survival of the fittest in every department. " -- Andrew Carnegie, entrepreneur
|
|
EU
European Union
|
|
|
Tell us what you think about AmosWEB. Like what you see? Have suggestions for improvements? Let us know. Click the User Feedback link.
User Feedback
|
|
