Common Economic Terms and Definitions
Active Market .
This is a term used by the stock exchange which specifies the particular stock or share which deals in frequent and regular transactions. It helps the buyers to obtain reasonably large amounts at any time.
Administered Price .
The administrative body e.g., the government a marketing board or a trading group determines this price. The competitive market force is not entitled to determine this price. The government fixes a price in accordance with a demand-supply portion in the market. .
Ad-valorem Tax .
Ad-valorem tax is a kind of indirect tax in which goods are taxed by their values. In the case of ad-volorem tax, the tax amount is calculated as the proportion of the price of the goods. Value-added Tax (VAT) is an ad-volorem Tax.
Advanced Countries .
Advanced countries ar...