|
Today's Terms
Laissez-faire
Definition:
French phrase meaning "leave alone." In economics and politics, a doctrine that the economic system functions best when there is no interference by government.
Price supports
Definition:
Federal assistance provided to farmers to help them deal with such unfavorable factors as bad weather and overproduction.
Inflation
Definition:
A rate of increase in the general price level of all goods and services. (This should not be confused with increases in the prices of specific goods relative to the prices of other goods.)
More Terms >
|