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A set of proposals put forward during the 1970s by developing countries through UNCTAD to promote their interests by improving their terms of trade, increasing development assistance, developed-country tariff reductions, and other means.
Industry:Economy
1. In the form most directly observed or named, in contrast to a form that has been adjusted or modified in some fashion. 2. As measured in terms of money, usually in contrast to real.
Industry:Economy
A homogeneous function where the monotonic function is the constant raised to the exponent ''N'': ''F''(''V'')=''<sup>N</sup>F''(''V''). For ''N''>1, see increasing returns to scale; for ''N''<1, see decreasing returns to scale.
Industry:Economy
A subsidy that is not subject to countervailing duties under the rules of the WTO. These include non-specific subsidies, subsidies for industrial research, regional aids, and some environmental subsidies.
Industry:Economy
A transfer payment that does not introduce inefficiencies. This means mainly that it does not provide an incentive to change production or consumption choices.
Industry:Economy
A not-for-profit organization that pursues an issue or issues of interest to its members by lobbying, persuasion, and/or direct action. In the arena of international economics, NGOs play an increasing role defending human rights and the environment, and fighting poverty.
Industry:Economy
A country in which most major economic decisions are imposed by government and by central planning rather than by free use of markets. Contrasts with a market economy.
Industry:Economy
A situation or economic model in which a market or markets do not clear, perhaps because something prevents prices from adjusting to discrepancies between supply and demand.
Industry:Economy
A worker not directly engaged in production. In empirical studies of skilled and unskilled labor, data on nonproduction workers are often taken to represent skilled labor.
Industry:Economy
