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July 19, 2018 

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LIMITED LIABILITY COMPANY: A relatively new legal firm type that operates very much like a partnership, but in which every owner has limited liability. The advantage of a limited liability company, over a limited partnership, is that every owner has limited liability. It also has advantages over an S corporation in that very few restrictions exist on who can be an owner.

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EXPORT PROMOTION: A strategy for economic development for a country based on encouraging domestic producers to export production or foreign nations to purchase exported goods.The goal of this policy is to encourage domestic production, which subsequently increases domestic income and consumption. A contrasting economic development is import substitution.

     See also | economic development | import substitution | import | export | foreign trade | circular flow |


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EXPORT PROMOTION, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2018. [Accessed: July 19, 2018].


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AVERAGE REVENUE, MONOPOLY

The revenue received for selling a good per unit of output sold, found by dividing total revenue by the quantity of output. Average revenue often goes by a simpler and more widely used term... price. For a monopoly average revenue is greater than marginal revenue. Average revenue for a monopoly is often depicted by a negatively-sloped average revenue curve.

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APLS

RED AGGRESSERINE
[What's This?]

Today, you are likely to spend a great deal of time watching the shopping channel trying to buy either a green and yellow striped sweater vest or a Boston Red Sox baseball cap. Be on the lookout for vindictive digital clocks with revenge on their minds.
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This isn't me! What am I?

The 1909 Lincoln penny was the first U.S. coin with the likeness of a U.S. President.
"After climbing a great hill, one finds many more hills to climb. "

-- Nelson Mandela, president of South Africa

DIDMCA
Depository Institutions Deregulation and Monetary Control Act
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