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December 14, 2019 

AmosWEB means Economics with a Touch of Whimsy!

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ECONOMIC EFFICIENCY: Obtaining the most consumer satisfaction from available resources. This is what most economists mean when the term efficiency arises. Economic efficiency means our economy is doing the best job possible of satisfying unlimited wants and needs with limited resources--that is, of addressing the problem of scarcity.

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BAR CHART: A graph containing a set of vertical or horizontal "bars" that are used to present data for discrete categories. A bar chart provides a useful way to compare information about different groups or categories.

     See also | graph | graphical analysis | pie chart | line graph | variable |


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BAR CHART, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2019. [Accessed: December 14, 2019].


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L

A broad monetary measure that combines M3 plus several liquid assets, including commercial paper, U.S. Treasury bills, savings bonds, and bankers' acceptances. L used to be tracked and reported by the Federal Reserve System along with M1, M2, and M3. However, L is no longer reported.

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Today, you are likely to spend a great deal of time at a garage sale hoping to buy either decorative celebrity figurines or a flower arrangement with anything but tulips for your grandfather. Be on the lookout for the last item on a shelf.
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The Dow Jones family of stock market price indexes began with a simple average of 11 stock prices in 1884.
"In order to create there must be a dynamic force, and what force is more potent than love."

-- Igor Stravinsky, violinist

NAV
Net Asset Value
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