Glossary

Reset Glossary
skilled workers

Subject: 

  • Economics

workers trained at formal training institutions; such as a university; and have papers to prove it.

Related Content

substitute goods
Subject:
Economics

(also called substitute products) goods that can be used instead of another product; a change in...

diseconomy of scale
Subject:
Economics

when the long run average cost per unit rises with an increase in output.

relative poverty
Subject:
Economics

the situation where incomes of a group of people are not as high as the community or country in...

repurchase rate
Subject:
Economics

commonly known as the repo rate.

money supply
Subject:
Economics

the total amount of money that is available in the country.