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October 19, 2018 

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AR: The abbreviation for average revenue, which is the revenue received for selling a good, per unit of output sold, found by dividing total revenue by the quantity of output. Average revenue actually goes by a simpler and more widely used term... price. Average revenue is really a fancy-schmancy term for the price received by a seller for selling a good. However, using the longer term average revenue let's us see the connection with other terms, like total revenue, marginal revenue, and quantity.

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JOBLESS CLAIMS: The number of people filing for the first time to receive unemployment compensation benefits during a given time period, usually one week. Jobless claims are key indicator of current economic activity and are one of twelve leading economic indicators that forecast business cycle activity. A rise in jobless claims is a clear indication that fewer people are employed, the unemployment rate is on the rise, and the economy is headed into a contraction.

     See also | unemployment compensation | business cycle | leading economic indicator | unemployment rate | contraction |


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JOBLESS CLAIMS, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2018. [Accessed: October 19, 2018].


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FOURTH RULE OF COMPETITION

The fourth of seven basic rules of the economy, stating that competition among market buyers and sellers generates an efficient allocation of resources. Competition depends on the relative number of buyers and sellers. The side of the market with fewer numbers generally has relatively less competition and more market control.

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APLS

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[What's This?]

Today, you are likely to spend a great deal of time going from convenience store to convenience store trying to buy either storage boxes for your summer clothes or 500 feet of coaxial cable. Be on the lookout for defective microphones.
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A lump of pure gold the size of a matchbox can be flattened into a sheet the size of a tennis court!
"Think not of yourself as the architect of your career but as the sculptor. Expect to have to do a lot of hard hammering and chiseling and scraping and polishing. "

-- B. C. Forbes, founder, Forbes magazine

BHC
Bank Holding Company
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Xtra Credit
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