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HYSTERESIS: The notion that the natural rate of unemployment is affected by historical events, especially the onset of a business-cycle contraction. Hysteresis results because unemployed resources are permanently changed, through loss of job skills or seniority, making them less employable when the contraction is over. The labor market itself might be permanently change. The result is a permanent increase in structural and frictional unemployment and a higher natural unemployment rate. Alternatively, a prolonged business-cycle expansion can generate long-term changes that cause a permanent decrease in the natural unemployment rate.
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STOCK MARKET: A financial market that trades ownership shares in corporations--corporate stock. The three best known, national stock markets in the United States are the New York Stock Exchange, the American Stock Exchange, and the National Association of Securities Dealers. There are also a few regional markets--the Chicago, Philadelphia, and Pacific exchanges are the most notable that trade stock on a smaller scale. Other countries that use corporations to produce stuff, all of the industrialized ones, also have stock markets. The biggest and most worthy of attention are in Tokyo, London, Toronto, Frankfurt, and Paris. Stock markets play a vital role in our economy, making it possible for businesses to raise the large sums of money needed for investment. See also | financial markets | corporate stock | New York Stock Exchange | American Stock Exchange | National Association of Securities Dealers | Dow Jones averages | Standard & Poor's 500 | NASDAQ |
Recommended Citation:STOCK MARKET, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2023. [Accessed: September 27, 2023].
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INNOVATION PROFIT Economic profit, the difference between the total revenue received by a firm and the total opportunity cost of production, that is attributable to innovation, the initial application of new products, technologies, or ideas. Innovation profit is one of two sources of economic profit. The other is monopoly profit that arises due to market control. The generation of innovation profit is an important incentive that by rewarding individual innovative behavior enables society-wide benefits from the resulting innovations.
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BEIGE MUNDORTLE
[What's This?]
Today, you are likely to spend a great deal of time touring the new suburban shopping complex seeking to buy either a package of 3 by 5 index cards, the ones without lines or a blue mechanical pencil. Be on the lookout for small children selling products door-to-door.
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The 22.6% decline in stock prices on October 19, 1987 was larger than the infamous 12.8% decline on October 29, 1929.
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"Don't judge each day by the harvest you reap but by the seeds that you plant. " -- Robert Louis Stephenson, writer
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MP
Marginal Product
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