Archives: Terms

Definition of Stamp Duty Stamp duty is a tax that is levied on certain legal documents and transactions. Typically, it applies to the transfer of properties, shares, and some other financial instruments. The responsibility for paying this tax usually lies with the buyer in the transaction. The name “stamp duty” […]

Definition of Stakeholder A stakeholder is any individual, group, or organization that has an interest in or is affected by the activities and outcomes of a business or project. This broad category can include internal parties like employees and shareholders, as well as external parties such as customers, suppliers, lenders, […]

Definition of Stages of Economic Growth The stages of economic growth are theoretical models that describe the development process of economies from a primarily agrarian society to a more complex and industrialized one. These models aim to outline how economies evolve over time, highlighting key characteristics and transformations that occur […]

Definition of Stagflation Stagflation is an economic phenomenon characterized by the coexistence of stagnant economic growth, high unemployment, and high inflation. This situation is considered unusual because inflation typically accompanies a growing economy. During stagflation, the economy does not grow, but prices continue to rise, creating a challenging situation for […]

Definition of Stackelberg Duopoly Stackelberg duopoly refers to a strategic game in economics in which two firms compete on the quantity produced. Unlike in a Cournot duopoly where firms make decisions simultaneously, in a Stackelberg duopoly, one firm is the “leader” and the other is the “follower.” The leader firm […]

Definition of Stability Conditions Stability conditions in economics refer to the criteria or rules that ensure an economy or a market remains in a stable equilibrium over time. This concept encompasses the conditions under which economic activities such as prices, output levels, and employment rates do not exhibit excessive volatility […]

Definition of Spurious Correlation Spurious correlation refers to a situation where two variables appear to be correlated with each other but, in fact, are not directly related. Instead, the observed correlation is due to the influence of an unseen third variable or is simply a coincidence. This phenomenon often leads […]

Definition of Spread The term “spread” in economics and finance refers to the difference between two prices, rates, or yields. It often represents the gap between the bid and ask prices of a security, the difference between the yields of two bonds, or the credit spread which is the difference […]

Definition of Spot Price The spot price is the current market price at which a particular asset, such as a commodity, security, or currency, can be bought or sold for immediate delivery. In contrast to futures contracts, which are agreements to buy or sell an asset at a predetermined price […]

Definition of Spot Market The spot market, also known as the cash market, is a public financial market in which commodities or financial instruments are traded for immediate delivery. In other words, transactions in this market involve the immediate exchange of goods, services, or securities and the payment thereof. The […]