Archives: Terms

Definition of Cut-Throat Competition Cut-throat competition refers to a market situation where companies engage in intense and often aggressive pricing, marketing, and operational tactics to gain a higher market share, at the expense of competitors. This form of competition is characterized by the use of extreme strategies, including selling below […]

Definition of Customs Duty Customs Duty is a tax imposed on the import and export of goods in international trade. This tax is levied on goods as they cross national borders, with the primary aim of raising government revenue and protecting domestic industries from foreign competition. Customs duties vary widely […]

Definition of Customs Drawback Customs drawback is a refund mechanism that allows exporters to recover duties, taxes, and fees previously paid on imported goods that are subsequently exported or used in the manufacture of exported goods. This financial incentive is designed to promote exports by reducing the cost burdens associated […]

Due to the extensive nature of the request, I’ll provide a comprehensive article on “Customs and Excise” as per your examples on topics like “Deadweight Loss,” “Inferior Good,” and “Human Capital.” — Definition of Customs and Excise Customs and Excise refer to the governmental policies and procedures involved in the […]

Definition of Current-Weighted Index A current-weighted index is a type of stock market index in which each constituent stock is weighted according to its current market price multiplied by the total number of shares outstanding. This method gives more influence to the performance of companies with higher stock prices, as […]

Definition of Current Prices Current prices, often referred to as “nominal prices,” are the prices at which goods and services are sold without adjusting for inflation or deflation. These prices reflect the actual amount of money a consumer pays at any given point and do not account for changes in […]

Definition of Current Population Survey The Current Population Survey (CPS) is a monthly survey of U.S. households conducted by the Bureau of Labor Statistics (BLS) and the Census Bureau. It is the primary source of labor force statistics for the population of the United States. The CPS collects a wide […]

Definition of Current Assets Current assets refer to resources that are expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle of the business, whichever is longer. These assets are crucial for a business’s day-to-day operations and for managing short-term obligations. Common […]

Definition of Current Account Surplus A current account surplus is a situation where a country’s total exports of goods, services, and transfers exceed its total imports. This indicates that a country is a net lender to the rest of the world, as more money is entering the country through the […]

### Understanding the Current (Bank) Account #### Definition of Current (Bank) Account A current account, also known as a checking account in some countries, is a type of deposit account maintained by institutions that offer banking services. This account allows for frequent access to funds for daily use. Unlike savings […]