(Austral & NZ) an economic policy based on the efficiency of market forces, characterized by minimal government intervention, tax cuts, privatization, and deregulation of labour markets
noun 1. the return on a productive resource, as land or labor, that is greater than the amount necessary to keep the resource producing or on a product in excess of what would have been the return except for some unique factor. noun 1. (economics) a payment to a factor of production (land, labour, or […]
[ek-uh-nom-iks, ee-kuh-] /ˌɛk əˈnɒm ɪks, ˌi kə-/ noun 1. (used with a singular verb) the science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind. 2. (used with a plural verb) financial considerations; significant aspects: What are the economics of such a project? /ˌiːkəˈnɒmɪks; ˌɛkə-/ noun […]
- Economic sanctions
plural noun 1. any actions taken by one nation or group of nations to harm the economy of another nation or group, often to force a political change
noun 1. a strike called in protest over wages, hours, or working conditions.