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X-AXIS: In a graph, this is one of two lines that intersect at a right angle at their origins. This is the "horizontal-axis" that runs from right and left. In most analyses, the variable measured on the X-axis is consider to be the independent variable.
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FREE MARKET: A competitive market that is unrestrained by government control or regulations, especially price floors, price ceilings, or taxes. In such a market the forces of demand and supply eliminate any shortages and surpluses move the market to the equilibrium price and quantity. If the free market is competitive (with large numbers of buyers and sellers) and is not infected with other market failures, such as externalities, then equilibrium price results with equality between the demand price and the supply price. This means that equilibrium is also efficient. See also | market | competition | price floor | price ceiling | tax incidence | competition | externalities | market failure |
Recommended Citation:FREE MARKET, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2025. [Accessed: July 9, 2025].
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LEGAL RESERVES The combination of vault cash and Federal Reserve deposits that banks can legally use to satisfy government reserve requirements. Legal reserves, which can also be considered total reserves, are divided between require reserves and excess reserves. Required reserves are used to back up deposits and process daily transactions, while excess reserves are then available for interest-paying loans.
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BLUE PLACIDOLA
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Today, you are likely to spend a great deal of time at a flea market looking to buy either a graduation present for your niece or nephew or a toaster oven that has convection cooking. Be on the lookout for rusty deck screws.
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Rosemary, long associated with remembrance, was worn as wreaths by students in ancient Greece during exams.
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"All labor that uplifts humanity has dignity and importance and should be undertaken with painstaking excellence. " -- Martin Luther King Jr., civil rights leader
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SDR
Special Drawing Right
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