| 8. | Economic Stimulator | ||
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A job title that involves a person getting paid to spend there boss's money on whatever they want to help stimulate the economy. Able to spend the money on themselves as long as said Economic Stimulator thinks the item/items are expensive enough to help. "Billy did you hear that the Economic Stimulator just bought herself another dress with the company's money"? "No I didn't John, I just hope that it was expensive enough to help our economy out". "Well its no rolex Billy, thats for sure". "All I know is that its gucci so i think it was a good buy".
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| 9. | Economic Theology | ||
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The practice of placing faith in an economic doctrine solely on the basis that it aligns with your political dogma. This holds especially true for economic doctrine that is refuted by empirical evidence to the contrary, or otherwise relies on intangible evidence as a basis for speculation. 1. As a popular economic theology, voodoo economics has shown otherwise, to permanently reduce GDP potential.
2. Though Libertarians embraced austerity as a means to grow the economy, it turns out that austerity was nothing more than economic theology. |
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| 10. | economic moat | ||
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"Economic moat" is a term coined by investor Warren Buffet. It means how susceptible a company is to competition by other companies. Coca-Cola and Phillip Morris (Marlboro cigarettes) are companies with wide economic moats because of the popularity and consumer loyalty of their marquee brands. Boeing has a narrow but deep economic moat because its 777 and 787 aircraft are not subject to immediate displacement, but companies like Airbus and Bombardier could play catch-up over the course of several years by developing similar models that would threaten their primacy. That would close the moat. -- "Give me an example of a company with a wide economic moat."
-- "The local water company, because no competitor can rush right in with a distribution system (pipes)." -- "Besides, who else is gonna fill that moat? lol." |
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| 11. | economic bipolarity | ||
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The term refers to the economic instability of the noosphere; a system inundanted with cyclic depression and mania. The United States is suffering from economic bipolarity.
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| 12. | zhang yuan | ||
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Economic warfare in Chinese Economic nationalism of China during 1870's included zhang yuan so that China could fight Western powers.
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| 13. | Communism | ||
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A political and economic system that rejects the concept of personal ownership of property in favour of having all the wealth in the government's hands, and supplying necessary, and possibly luxury, goods to the population according to the individual's, and the mass's, needs.
This system is inefficient on a larger scale because of greediness and sloth, as in, many people taking more than they need and giving less than they can, although in a Kibbutz, or commune, this system is fairly efficient when coupled with some lenience regarding personal property (As in, allowing the capitalist based system of currency, but still keeping the economy run exclusively by the Kibbutz or commune management). "To each according to his abilities, to each according to his needs" ~ Exert from the Communist Manifesto.
The communist party garners the working class vote through promises of equality. Communism is the economic antonym of capitalism. |
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| 14. | economic bubble | ||
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A phenomenon in economics in which too much loose cash finds its way into an area of the market, e.g., stocks, housing, dot-com, etc., resulting in a buying frenzy that leads to wildly inflated prices. Economic activity in those areas affected is not sustainable in the long run, so large numbers of late investors eventually go bankrupt. We were warned of an economic bubble, but bought high-priced shares anyway thinking we could unload them on some poor sap before the bubble burst. Boy, were we wrong!
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