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Economics Resources

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wallstreetmojo

a diagram showing the different types of dry indexs

Baltic Dry Index (BDI)

The Baltic Dry Index (BDI) is a measurement used in economics to track international demand for dry raw materials and its cost to transport them by shipping vessel. The index considers various vessel classifications that travel to different destinations and produces a daily report issued on The Baltic Exchange located in London.

Balanced Trade

Balanced trade refers to the phenomenon where a country has equal imports and exports. Theoretically, it is a condition in which the country experiences neither a trade surplus nor a trade deficit. In essence, it points to a zero balance of trade.

the diagram shows how we can use balance to make money in an industrial environment, and what they are doing

Balanced Growth

Balanced growth is the strategy of making simultaneous investments in various sectors or industries for capital expansion and economic stability, thus promoting economic prosperity. It prevents the over-concentration of resources and economic activity in specific sectors or regions, which reduces the economy’s vulnerability to shocks in any area.

a diagram showing the economic and financial benefits of balanced budgeting, including balances

Balanced Budget Multiplier

A balanced budget multiplier quantifies changes in total output. This metric considers an equal change in government spending and taxation. An economic multiplier denotes the impact of change in one economic variable over other.

Balanced Budget

A balanced budget is a budget where the planned finance structure has revenues equal to its expenditures; the term is often related to the government’s budget plans. Hence, it is a budget where the government’s receipts equal its estimated expenditures.

an info poster with different types of information

Balance of Trade vs Balance of Payments

To understand how the business happens beyond borders, you need to understand imports and exports. Along with that, you should learn how the balance of trade and balance of payments works as well.

Balance of Trade

The balance of trade (BOT) is defined as the difference between the value of exports and the value of imports of a country. The figure that is derived shows how economically stable a nation is. It is one of the significant components of any economy’s current asset as it measures a country’s net income earned on global investments.

balance of payment and balance of financial account with the words balance of payments, balance of current

Balance Of Payments Formula

The formula for the balance of payments is a summation of the current account, the capital account, and the financial account balances. The term balance of payments refers to recording all payments and obligations of imports from foreign countries vis-à-vis all payments and obligations of exports to foreign countries.

Bailout

A bailout refers to the prolonged financial support offered by the government or other financially stable organization to a business in the form of equity, cash, or loan to help it overcome certain losses and stay afloat in the market. It usually happens when a too big to fail company is on the verge of declaring bankruptcy or defaulting on its financial obligations.

the graph shows that there are two different types of consumption

Average Propensity to Consume

The average propensity to consume (APC) is the percentage of an individual’s total disposable income spent on purchases. This expenditure is on goods and services and therefore depicts an individual’s spending behavior. APC is expressed as a decimal that ranges between 0 and 1.

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a diagram with the words, what is an autonous expendture?

Autonomous Expenditure

Autonomous expenditure refers to the aggregate expenses made by people in an economy that are not influenced by the level of income they have. In short, these expenditures include spending for necessary things without which survival becomes difficult.

Automatic Stabilizer

An automatic stabilizer in economics refers to a fiscal mechanism built into the government’s budget that demands increased public spending and decreased taxes to stabilize the economy during a crisis. It activates automatically in the case of economic turmoil or recession, rather than requiring consent from the government.

the formula for an automobile consumption formula

Autonomous Consumption

Autonomous consumption refers to the consumption expenditure incurred by an entity on goods and services independent of income level. It ensures the basic standard of living, and examples include the spending on essential expenses like food, rent, utilities, medicines, and interest obligations.

a diagram showing the business and financial markets in which people can buy or sell their goods

Autarky

Autarky, also known as a closed economy, is an economic system that does not involve international trade. It has achieved a certain level of self-sufficiency and therefore does not require the benefits of the international exchange of goods and services. However, there are very few Autarkies in a practical economy, but more of those that allow limited international trade.

the diagram shows how australia's economic system works

Austrian Economics

Austrian economics refers to a heterodox school of thought that human behavior significantly affects market forces. Every product’s value depends on the needs and purchasing power of the consumer. It aims to equalize the natural resources of every human being.

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