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UNITED MINE WORKERS UNION: A labor union representing the interests of workers engaged in mineral extraction, especially coal. The United Mine Workers Union has been one of the more prominent unions involved in the labor union movement. It is also notable as being the first national industrial union established in the United States, when it was formed in 1890. Prior to that time all national unions were craft unions representing workers with specific skills or in specific occupations. The United Mine Workers Union representing all workers employed by mining companies regardless of skills or occupations.
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INTERNATIONAL ECONOMICS: A branch of economics that studies economic interactions among different countries, including foreign trade (exports and imports), foreign exchange (trading currency), balance of payments, and balance of trade. While much of the interaction among countries is largely an extension of basic economic principles, complications do arise because nations are distinct political entities, with different laws and cultures, and with little or no overall governmental oversight. The guiding principle in the study of international economics is comparative advantage, which indicates that every country, no matter their level of development, can find something that it can produce cheaper than another country. The study of interational economics focusses on two related areas -- international trade and international finance See also | international trade | international finance | balance of trade | balance of payments | comparative advantage | foreign | domestic |
Recommended Citation:INTERNATIONAL ECONOMICS, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2024. [Accessed: April 26, 2024].
AmosWEB Encyclonomic WEB*pedia:Additional information on this term can be found at: WEB*pedia: international economics
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PHYSICAL WEALTH, AGGREGATE EXPENDITURES DETERMINANT One of several specific aggregate expenditures determinants assumed constant when the aggregate expenditures line is constructed, and that shifts the aggregate expenditures line when it changes. A decrease in physical wealth causes an increase (upward shift) of the aggregate expenditures line. An increase in physical wealth causes a decrease (downward shift) of the aggregate expenditures line. Other notable aggregate expenditures determinants include consumer confidence, federal deficit, inflationary expectations, and exchange rates.
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GRAY SKITTERY
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Today, you are likely to spend a great deal of time searching for rummage sales looking to buy either clothing for your kitty cats or a set of luggage without wheels. Be on the lookout for vindictive digital clocks with revenge on their minds.
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Paper money used by the Commonwealth of Massachusetts prior to the U.S. Revolutionary War, which was issued against the dictates of Britain, was designed by patriot and silversmith, Paul Revere.
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"We succeed in enterprises (that) demand the positive qualities we possess, but we excel in those (that) can also make use of our defects." -- Alexis de Tocqueville, Statesman
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PDI
Personal Disposable Income
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