Adjustment assistance refers to government programs designed to help workers, companies, and sectors of the economy cope with changes brought about by economic policies, technological advancements, or international trade. These…
In economics, adjustment refers to the process by which a market or economy responds to changes in external conditions, policies, or shocks. Adjustments can occur in prices, wages, employment levels,…
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…
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…
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…
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 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 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…
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 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…
