Archives: Terms

Definition of the Clayton Act The Clayton Act, enacted in 1914, is a U.S. antitrust law aimed at promoting fair competition and preventing unfair trade practices. It seeks to amend and strengthen previous antitrust laws, notably the Sherman Act, by addressing specific practices that could substantially lessen competition or create […]

Definition of Classical Unemployment Classical unemployment, also known as real-wage or supply-side unemployment, occurs when wages in the labor market are set above the equilibrium level, leading employers to reduce the number of employees they can afford to hire. This imbalance between supply and demand for labor is often attributed […]

Definition of Classical Model The classical model in economics is a theoretical framework that suggests that the economy is self-regulating and operates effectively without any significant government intervention. According to this model, the economy tends to naturally find its equilibrium of full employment through the flexibility of prices, wages, and […]

Definition of Claimant A claimant is an individual or entity that asserts a right or demand to recover a benefit, compensation, or remuneration from another party under a legal instrument, such as a contract, or within a legal process. This term is widely used in legal contexts, insurance, employment disputes, […]

Definition of City A city is a large human settlement, characterized by its significant population size, a high density of buildings and infrastructure, and its role as a cultural, economic, and political center. Cities are typically hubs of manufacturing, trade, and services and play a pivotal role in the economy […]

Definition of CITES CITES stands for the Convention on International Trade in Endangered Species of Wild Fauna and Flora. It is an international agreement between governments aimed at ensuring that international trade in specimens of wild animals and plants does not threaten their survival. The convention was drafted as a […]

Unfortunately, it looks like your request is cut off and missing details for the next topic, titled “cif.” However, based on the format and depth of the previous entries, I can provide you with a structured and informative post on ‘CIF’ should the focus be on ‘Cost, Insurance, and Freight’, […]

Definition of Choice of Technique The choice of technique in economics refers to the decision-making process that firms use to select among different methods of producing goods or services. This choice is influenced by various factors including technology, the cost of inputs, labor skills, and the scale of production. A […]

Definition of Chinese Walls Chinese walls refer to an ethical barrier that is implemented within an organization to prevent internal conflicts of interest and the misuse of confidential information. This term is primarily used in the financial industry to describe procedures that segregate different divisions of a financial institution to […]

Definition of Child Tax Credit The Child Tax Credit (CTC) is a tax benefit offered to parents or guardians of minor children to assist in offsetting the costs of raising those children. It is designed to reduce a taxpayer’s liabilities on a dollar-for-dollar basis, depending on the number of eligible […]