Free Commerce Zone Concept The expression Free Commerce Zone designates an economic space formed by a group of countries who decided to eliminate among themselves several types of restriction to the free circulation of merchandise produced inside this economic space. This way, are eliminated the customs and commercial barriers in the transactions between the Free […]
18-07-2015
Game Theory Concept: Introduced in the 40’s by John von Neumann and Oskar Morgenstern through the book “The Theory of Games and Economic…
30-01-2016
Generalized System of Preferences Concept: Generalized System of Preference (GSP) is an instrument created by the Conference of the…
30-01-2016
Global Village Concept: Global Village concept, created in the 60’s by Herbert Marshall McLuhan, professor at the School of Communication of…
29-03-2016
GNP Concept: GNP forms an indicator of the economic activity of a certain country in the extent that represents the total value of…
23-07-2016
Heebner Prediction Model Concept: The Seven Prediction Laws Model, developed by Gilbert Heebner, retired economist from…
24-07-2016
Income Concept: The term income designates a remuneration or group of remunerations of any economic agent in counterpart for the…
30-01-2016
Fully Indexed Interest Rate Concept: Fully Indexed Interest Rate designates an interest rate normally used in loan contracts (especially in the…
30-01-2016
Isocost Line Concept: Isocost is a straight line drawn on a graphic in which each one of the axis corresponds to one of…
10-04-2016
Jagdish Bhagwati Biography: Born in 1934 in Bombaim, in India, professor Bhagwati is one of the most prestigious economists in the area of…
01-08-2016
