Category: Glossary

Glossary of business terms – A to Z

Handy definitions of financial and economic jargon - from libor and quantitave easing to black swans and dead cat bounces from the GUARDIAN⊕ ...

Tariff

The most common way to protect one’s economy from import competition is to implement a tariff: a tax on imports. Generally speaking, a tariff is any t ...

Agency Costs

The costs incurred to ensure that agents and managers act in the best interest of the principal. For example, reward to managers as a percentage of pr ...

African, Caribbean, and Pacific Countries (ACP) –

The African, Caribbean and Pacific Group of States (ACP) is an organization created by the Georgetown Agreement in 1975. It is composed of 79 African, ...

African Union (AU)

The African Union is an organization for regional, social and economic cooperation. It consists of 53 member nations in Africa and was derived from th ...

African Developmental Bank Group (ABD Group)

The ABD Group is 1 of 4 major regional developmental banks currently operating in the global economy; it is headquartered in Abidjan, Cote d'Ivoire. ...

Absolute Advantage

An absolute advantage exists when a nation or economic region is able to produce a good or service more efficiently (using the same amount of resource ...

Joint venture

Methods by which firms share the resources and risks required to enter international markets. ...

Export licensing decisions

Licence applications are submitted to and processed by the Export Control Organisation (ECO), part of the Department for Business, Innovation ...