Archives: Terms

Definition of Regression Regression is a statistical method used to examine the relationship between two or more variables. It allows researchers to understand how the typical value of the dependent variable (also called the response variable) changes when any one of the independent variables (also called predictor variables) is varied […]

Definition of Registrar of Companies The Registrar of Companies (ROC) is a government official responsible for administering the affairs of businesses and corporations. The ROC office is essential for company formation, facilitating documentation, compliance monitoring, and maintaining a registry of companies authorized to do business within the jurisdiction. In other […]

Definition of Registered Unemployed Registered unemployed refers to individuals who are without a job and actively seeking employment, and who have officially registered with government employment agencies. These individuals are seeking assistance with job placement, training, and other employment-related services. Registration usually requires meeting certain criteria set by the government […]

Definition of Regional Trade Agreements (RTAs) Regional Trade Agreements (RTAs) are treaties between two or more governments that define the rules for trade between the participating countries. These agreements can cover a range of issues, including tariffs, trade quotas, and regulations on trade practices. The primary goal of RTAs is […]

Definition of Regional Policy Regional policy, also known as regional development policy, is a form of public policy designed to address economic disparities and promote equitable economic growth across different regions within a country. This policy involves various strategies and initiatives implemented by governments to stimulate economic development, reduce regional […]

Definition of Regional Aid Regional aid refers to financial assistance provided by governments or other organizations aimed at stimulating economic growth and reducing disparities in economically lagging regions. This aid is designed to support infrastructure development, job creation, and the improvement of living standards in areas that are less developed […]

Definition of Refusal to Supply Refusal to Supply occurs when a company or individual deliberately refuses to supply goods or services to a potential buyer despite having the capability to do so. This action can be driven by various strategic, competitive, or regulatory reasons. In many jurisdictions, refusal to supply […]

Definition of Reform Reform in economics refers to changes and improvements made to an existing policy, system, or institution in order to correct inefficiencies, drive economic growth, or address societal needs. Economic reforms often involve a combination of policy shifts that target issues such as market regulations, fiscal policies, trade […]

Definition of Redundancy Redundancy in economics and employment relations refers to the situation where employees are dismissed because their positions are no longer required by the employer. This can be due to several reasons, such as technological advancements, organizational restructuring, or economic downturns. Redundancy is fundamentally different from a layoff, […]

Definition of Reducing Balance Depreciation Reducing balance depreciation, also known as declining balance depreciation, is a method of calculating the depreciation of an asset, where the depreciation expense is highest in the first year and decreases progressively over the asset’s useful life. This method aligns more closely with how certain […]