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April 19, 2024 

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MARKET EQUILIBRIUM, NUMERICAL ANALYSIS: An analysis of market equilibrium using a table of numbers that combines a demand schedule and a supply schedule. A numerical analysis of the market is used to ascertain information such as market equilibrium, equilibrium price, equilibrium quantity, shortage, and surplus. This is one of two basic methods of analyzing market equilibrium. The other is a graphical analysis using demand and supply curves.

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CUSTOMS UNION: An agreement among two or more nations to eliminate trade restrictions with each other and to adopt a common trade policy with other nations. There is, however, no effort to allow free movement of resources among the countries nor to adopt common monetary or fiscal policies. This is considered the second of four levels of integration among nations. See common market, economic union, free-trade area for the other three levels.

     See also | foreign trade | monetary policy | fiscal policy | common market | economic union | free-trade area | trading bloc |


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DISSAVING

Another term for negative saving the occurs during a given period of time in which consumption expenditures exceed income. Dissaving is only possible by spending past or future income on current consumption. That is, using income saved from previous periods or borrowing income to be earned in future periods. Saving is generally illustrated by the vertical difference when between the consumption line and the 45-degree line. Dissaving results when the 45-degree line lies above the consumption line.

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BROWN PRAGMATOX
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Today, you are likely to spend a great deal of time strolling through a department store seeking to buy either a wall poster commemorating the 2000 Olympics or a flower arrangement with a lot of roses for your grandmother. Be on the lookout for infected paper cuts.
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Parker Brothers, the folks who produce the Monopoly board game, prints more Monopoly money each year than real currency printed by the U.S. government.
"The past is a foreign country; they do things differently there."

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Q-RATIO
Ratio of Total Market Value of Physical Assets
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