GIFFEN GOOD
Good for which demand rises as the price escalates, and declines when the price decreases. It has an upward-sloping demand curve, contrary to the fundamental law of demand stating the quantity demanded for a product dives as the price climbs, leading to a downward slope for the demand curve. Normally, it is an inferior good without easily available substitutes, as a result of which the income effect dominates the substitution effect. Named after UK economist Robert Giffen, these are somewhat rare to the extent there is some argument about its actual existence.
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NEX
A separate board on the TSX Venture exchange that provides a unique trading forum for listed companies that no longer meets the ongoing listing sta ...
Federal Reserve Bank Of Chicago
The 7h district Federal Reserve Bank, which is located in Chicago.
Regulation F
This regulation identifies that banks should introduce internal rules that regulate the amount of risk that they can take in their business proceed ...
Downshifting
Deducting an individual’s standard of living in order to improve quality of life. The act presumes a tradeoff between standard of living incl ...
Loan Life Coverage Ratio - LLCR
A financial ratio that determines the capacity of the borrowing company to pay an outstanding loan. To compute loan life coverage ...
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SEE FOREX TUTORIAL
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Ethical Investing: Its Advantages and Disadvantages
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Digesting Financial Statements: Long-Lasting Liabilities
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Can You Afford the Renovation Cost?
Do you want to know if your current home can withstand any renovation? Consult the following professionals first for guidance.
Introduction to Inflation
I asked my grandparents about the cost of living during World War II. They told me people during that period could buy a house for $5,000, a car fo ...
ECONOMIC CALENDAR
Time | Country | Indices | Period |
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03:30 | NAB Business Confidence | Apr | |
05:00 | Expected Annual Inflation 2y from now | 2 quarter | |
09:00 | SECO Consumer Confidence | Apr | |
14:30 | Building Permits | Mar | |
18:45 | SNB Chairman Thomas Jordan Speaks | ||
00:45 | Visitor Arrivals | Mar | |
01:50 | Domestic Corporate Goods Price Index | Apr | |
08:00 | Claimant Count Change | Apr | |
08:00 | Average Earnings Index | Mar |