Glossary

Reset Glossary
capitalism

Subject: 

  • Economics

see market capitalism

Related Terms: 

market capitalism

Related Content

Black Economic Empowerment Act
Subject:
Economics

act aimed at increasing effective participation of black people in the economy.

fixed costs
Subject:
Economics

(also called indirect costs) these do not vary with the amount of production (output) and...

fixed capital
Subject:
Economics

all the goods that are bought to be used in the production of other goods.

average fixed costs (AFC)
Subject:
Economics

total fixed costs of production divided by the output of production

crude death rate
Subject:
Economics

the number of deaths per 1 000 people in a year.