Legal Dictionary

Search results for: “market economy”

  • Service Economy

    Definition of Service Economy The Canada social science dictionary [1] provides the following meaning of Service Economy: Usually contrasted with a goods-producing economy and refers to an economy based largely on the provision of service rather than manufactured goods. These services may […]

  • Command Economy

    An economy based on government ownership and/or control of society’s resources; during the 20th century, the dominant form of command economy was communism….

  • Command Economy

    An economy based on government ownership and/or control of society’s resources; during the 20th century, the dominant form of command economy was communism….

  • Invisible Hand of the Market

    Definition of Invisible Hand of the Market The Canada social science dictionary [1] provides the following meaning of Invisible Hand of the Market: A phrase associated with the great classical economist Adam Smith (1723-1790) referring to the self-regulating capacity of free markets. Free […]

  • Economic Liberalism

    Hierarchical Display of Economic liberalism Economics > Economic policy > Economic policyEconomics > Economic structure > Economic system > Market economyPolitics > Political framework > Political ideology > Liberalism Meaning of Economic liberalism Overview and more information about […]

  • Economic Incentives

    Definition of Economic Incentives In relation to social issues, a meaning of economic incentives is provided here: factors that motivate the behavior of households and business, prices, profits, and losses act as incentives for participants to take action in a market economy.

  • Coordination

    See Also Governance Collective Action Cooperation Coordinated Market Economy Game Theory Governance Hierarchy Market Network Further Reading Chisholm, D. (1989). Coordination without hierarchy: Informal structures in multiorganizational systems. Berkeley: University of California Press. […]

  • Coordination

    See Also Governance Collective Action Cooperation Coordinated Market Economy Game Theory Governance Hierarchy Market Network Further Reading Chisholm, D. (1989). Coordination without hierarchy: Informal structures in multiorganizational systems. Berkeley: University of California Press. […]

  • Mode of Production

    Definition of Mode of Production The Canada social science dictionary [1] provides the following meaning of Mode of Production: The dominant form of social and technical organization of economic production in a society. Historically a variety of modes of production can be distinguished […]

  • Economic Policy

    Resources Legal English Vocabulary: Economic Policy in Spanish Online translation of the English legal term economic policy into Spanish: política económica (English to Spanish translation) . More about legal dictionary from english to spanish online. Related to the Legal Thesaurus

  • Supply and Demand

    Concept of Supply And Demand in the context of Real Property A short definition of Supply And Demand: The economic theory that when supply exceeds demand, prices fall, and when demand exceeds supply, prices rise.

  • Oligopoly

    Oligopoly

    A term used in economics describing situations where only a few sell a given product. See Northern Natural Gas. Co. v Fed. Power Comm., (D.C.App.) 399 F.2d 953. Also, the term is used in the context of statutes aimed at preventing monopolies, in the sense of a large corporation or several […]

  • Economic System

    Hierarchical Display of Economic system Economics > Economic structureAgri-Foodstuffs > Production > Production policy > Mode of production Meaning of Economic system Overview and more information about Economic system For a more comprehensive understanding of Economic system, see in the […]

  • International Chamber Of Commerce

    International Trade Meaning and Definition of International Chamber Of Commerce Meaning of International Chamber Of Commerce International non-governmental body concerned with promotion of trade and harmonization of trading practice. Responsible […]

  • Enlargement

    Increasing an estate, e.g., when a base fee becomes united with the reversion or remainder in fee, the base fee is enlarged to the fee-simple…