Archives: Terms

Definition of Countervailing Power Countervailing power refers to the ability of a group or entity to counterbalance or offset the influence of another dominant group or entity within a market or economic setting. This concept is most commonly applied to situations where smaller companies or consumers are able to exert […]

Definition of Countervailing Duty A countervailing duty (CVD) is a tariff imposed by a country on imported goods that are subsidized by the government of the exporting country. The primary aim of countervailing duties is to neutralize the negative effects of these subsidies, thereby protecting domestic industries from unfair competition. […]

Definition of Counterparty Credit Risk Counterparty credit risk (CCR) is the risk that one party in a financial contract will not fulfill its obligations as outlined in the agreement, leading to a financial loss for the other party. This type of risk is prevalent in over-the-counter (OTC) derivatives markets, where […]

Definition of Counterparty A counterparty in economics, finance, and legal agreements refers to the other party involved in a financial transaction or contract. In any financial contract, there are at least two parties: the entity initiating the transaction and the counterparty to that transaction. This concept is fundamental in understanding […]

Unfortunately, you haven’t provided a text for “council tax,” but I can give you an extensive glossary entry on the subject using the same format as your previous requests. ### Council Tax #### Definition of Council Tax Council Tax is a local taxation system used in certain countries, like the […]

Definition of Council of Economic Advisers The Council of Economic Advisers (CEA) is a United States federal agency within the Executive Office of the President established in 1946. This body is charged with advising the President on economic policy based on its data-driven economic research. The council consists of a […]

Council housing, also known as public housing in some regions, represents a form of residence ownership that is publicly funded and administered. While the details can vary significantly from one country to another, the essential purpose of council housing is to provide affordable, decent quality homes to individuals and families […]

Definition of Council for Mutual Economic Assistance The Council for Mutual Economic Assistance (CMEA), also known as COMECON, was an international organization founded in 1949 to facilitate and coordinate the economic development of the Eastern Bloc countries under the leadership of the Soviet Union. Its mission was to promote cooperation […]

Definition of Cost-Plus Pricing Cost-plus pricing is a pricing strategy used by companies to determine the selling price of their products. Under this method, a fixed percentage (profit margin) is added to the total cost of producing a product to establish its selling price. This total cost includes both variable […]

Definition of Cost-Effectiveness Cost-effectiveness refers to the evaluation of the relative expenditure (costs) and outcomes (effects) of two or more courses of action. It is a crucial concept in economics, healthcare, public policy, and business decision-making, emphasizing the importance of obtaining the maximum benefit from limited resources. In essence, it […]