Ad Valorem Tax in the Context of Economics
Definition: An ad valorem tax is a type of tax based on the assessed value of an item, such as property or goods. The term “ad valorem” is Latin for…
Ad Hoc in the Context of Economics
In economics, “ad hoc” refers to actions, decisions, or policies that are made or taken for specific, often immediate purposes, without being part of a wider plan or system. Ad…
Liquidity Preference Theory of Money
The concept of liquidity preference in economics refers to the desire of people to hold onto cash or easily liquidated assets instead of investing in long-term, less liquid assets. This…
Money Supply Measures used by Reserve Bank of India
The Reserve Bank of India (RBI) classifies the money supply into several categories based on the liquidity (ease of spending) of different types of money held by the public. These…
Actuarial Valuation in the Context of Economics
Actuarial valuation is a financial analysis conducted by actuaries to determine the present value of a pension fund or an insurance company’s future obligations. This process involves assessing the current…
Actuarial Gain or Loss in the Context of Economics
Actuarial gain or loss refers to the adjustments made to the estimates of a pension plan’s obligations or the value of its assets, based on changes in actuarial assumptions. These…
Actuarial Cost Method in the Context of Economics
The actuarial cost method is a technique used in the field of actuarial science to assess the present value of future liabilities and allocate them over some time. This method…
Import Prices and Cost-Push Inflation
Import prices can lead to cost-push inflation when the costs of imported goods and services increase. This type of inflation is driven by the rising cost of imports that are…
Regulations and taxes and Cost-Push Inflation
Regulations and taxes are economic tools that can lead to cost-push inflation when they increase the cost of production or reduce the supply of goods and services. While these policies…
Supply Shocks and Cost-push Inflation
Supply shocks are unexpected events that suddenly change the supply of a good or service, which can lead to cost-push inflation. These shocks can be either negative or positive, but…