Download A Lexicon of Economics (Social Science Lexicons) by Phyllis Deane, Jessica Kuper PDF

By Phyllis Deane, Jessica Kuper

ISBN-10: 0203990277

ISBN-13: 9780203990278

ISBN-10: 0415002346

ISBN-13: 9780415002349

A useful paintings which serves as an creation to the topic and as a reference for all those that have to stay updated with fiscal considering.

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Sample text

The possibility of modelling the business cycle as a limit cycle, as an alternative to the Frisch-Slutsky approach, raises the general question of whether the business cycle is something that would die out in the absence of shocks, or whether it is endogenous to the economic system. The nonlinear models have also commonly treated business cycles and growth theory as separable. There is, however, an alternative view, which is that business cycles and growth should be explained together, and that a theory of dynamic economic development is required.

Management accounting is also concerned with controlling and appraising the outcome of past plans, for example, by analysing costs, and with assessing the economic performance of particular divisions or activities of the entity. Because the demand for management accounting information varies according to the activities, size and management structure of the entity, and because the supply of such information is not subject to statutory regulation or audit, there is a much greater variety both of techniques and of practice in management accounting than in financial accounting.

It may be significant that people nowadays are more critical of government spending than in the past. Furthermore, the government may create situations in which both parties benefit BUSINESS CONCENTRATION 29 if one party were to act illegally. There may also be a tendency for individuals to defer less to the views and decisions of authorities and to place greater reliance on individual opinions and participation in decision making. If policy makers react by tightening the laws and punishing offenders, export of capital may be stimulated, and people will seek other ways of avoiding taxes.

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A Lexicon of Economics (Social Science Lexicons) by Phyllis Deane, Jessica Kuper

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