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AmosWEB is Economics: Economics with a touch of Whimsy! AmosWEB means Economics with a Touch of Whimsy! ANDEAN COMMUNITY: The Andean Community (CAN) is a subregional organization endowed with an international legal status, which is made up of Bolivia, Colombia, Ecuador, Peru and Venezuela
AmosWEB is Economics: Economics with a touch of Whimsy! AmosWEB means Economics with a Touch of Whimsy! HOMOGENEOUS PRODUCT: Goods that are either physically identical or at least viewed as identical by buyers In particular, the producer of a product can not be identified from the product itself
AmosWEB is Economics: CLASS*portal AmosWEB means Economics with a Touch of Whimsy! SIXTH RULE OF IGNORANCE: The sixth of seven basic rules of the economy It is a fact of life that obtaining information is a costly activity, it requires resources that have alternative uses
AmosWEB is Economics: GLOSS*arama AmosWEB means Economics with a Touch of Whimsy! AGGREGATE DEMAND: The total (or aggregate) real expenditures on final goods and services produced in the domestic economy that buyers would willing and able to make at different price levels, during a given time period (usually a year)
AmosWEB is Economics: Economics with a touch of Whimsy! AmosWEB means Economics with a Touch of Whimsy! WEIGHT: When applied to location theory, the relative attractive force of one activity to another based on transportation cost The weight of an activity in this context is comparable to the weight of matter subject to gravitation forces
AmosWEB is Economics: Encyclonomic WEB*pedia AmosWEB means Economics with a Touch of Whimsy! KNOWLEDGE ECONOMY: The notion that economic activity is oriented on the production and consumption of knowledge (or information), which is fundamentally different from economic activity oriented on the production and consumption of manufacturing or agricultural goods
AmosWEB is Economics: Encyclonomic WEB*pedia AmosWEB means Economics with a Touch of Whimsy! BANK LIABILITIES: What a bank owes, including most notably customer deposits Bank liabilities are typically listed on the right-hand side of a bank's balance sheet
AmosWEB is Economics: Economics with a touch of Whimsy! AmosWEB means Economics with a Touch of Whimsy! LONG RUN: In terms of the macroeconomic analysis of the aggregate market, a period of time in which all prices, especially wages, are flexible, and have achieved their equilibrium levels
AmosWEB is Economics: Encyclonomic WEB*pedia AmosWEB means Economics with a Touch of Whimsy! PRICE: An asset or item voluntarily exchanged in a market transaction for another asset or item This item or asset is usually, but not necessarily, money
AmosWEB is Economics: ECON*world AmosWEB means Economics with a Touch of Whimsy! BANK ASSETS: What a bank owns, including loans, reserves, investment securities, and physical assets Bank assets are typically listed on the left-hand side of a bank's balance sheet