Archives: Terms

Definition of Tax Allowance A tax allowance is a portion of income that can be earned without being subject to tax. This implies that individuals and businesses are granted a specific amount of earnings they can receive tax-free. The main purpose of tax allowances is to reduce the overall tax […]

Definition of Tax Tax is a mandatory financial charge or some other type of levy imposed by a government or its functional equivalent on individuals or legal entities to fund various public expenditures. Tax collection serves several purposes, including funding public services and infrastructure, redistributing wealth, and influencing consumer behavior. […]

Definition of Tastes Tastes refer to the individual’s preferences or desires for certain goods and services. These preferences are subjective and can be influenced by a variety of factors including culture, upbringing, experiences, and exposure to various products and services. In economic terms, tastes are crucial in determining the demand […]

Definition of Targeting Targeting in economics and marketing refers to the strategic process in which businesses segment their market to identify specific groups of consumers and direct their products or services towards meeting their preferences and needs. This allows companies to allocate their resources more efficiently, creating tailored marketing efforts […]

Definition of Target Zone (Exchange Rates) A target zone in the context of exchange rates refers to a type of exchange rate system. Countries participating in a target zone regime commit to maintaining their exchange rates within a specified range or band relative to a chosen benchmark, typically a foreign […]

Definition of Market Structures Market structures are the competitive environments in which businesses operate. They describe the organization and characteristics of a market, including the number of firms, product uniformity, and entry barriers. The main types of market structures are perfect competition, monopolistic competition, oligopoly, and monopoly. Types of Market […]

Definition of Tap Issue Tap issue refers to a method used by companies or government entities to raise capital through the issuance of additional bonds or securities from an existing issue, typically in small quantities and over a period of time. This method allows the issuer to “tap” into the […]

Definition of Tangible Assets Tangible assets are physical items of economic value that businesses and individuals own and use for operational purposes. These assets have a clear and measurable value and can be touched or seen, making them the opposite of intangible assets, which are non-physical. Tangible assets play a […]

Definition of Tangency Optimum Tangency Optimum, in the context of economics, refers to the point where the highest possible consumer satisfaction (or utility) is achieved given a budget constraint. In other words, it is the point where an indifference curve, which represents levels of satisfaction, is tangent to a budget […]

Definition of Talk Down “Talk down” is a phrase in the English language that means to speak to someone in a condescending or patronizing manner. When someone talks down to another person, they assume a sense of superiority and often belittle the other’s knowledge, experience, or opinions. This behavior can […]