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imperfect capital market

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  • market — Usually refers to the equity market. The market went down today means that the value of the stock market dropped that day. Bloomberg Financial Dictionary * * * ▪ I. market mar‧ket 1 [ˈmɑːkt ǁ ˈmɑːr ] noun 1. [countable] COMMERCE the activity of… …   Financial and business terms

  • Market failure — is a concept within economic theory wherein the allocation of goods and services by a free market is not efficient. That is, there exists another conceivable outcome where a market participant may be made better off without making someone else… …   Wikipedia

  • market — marketer, n. /mahr kit/, n. 1. an open place or a covered building where buyers and sellers convene for the sale of goods; a marketplace: a farmers market. 2. a store for the sale of food: a meat market. 3. a meeting of people for selling and… …   Universalium

  • capital and interest — ▪ economics Introduction       in economics, a stock of resources that may be employed in the production of goods and services and the price paid for the use of credit or money, respectively.       Capital in economics is a word of many meanings …   Universalium

  • Imperfect Competition — A type of market that does not operate under the rigid rules of perfect competition. Perfect competition implies an industry or market in which no one supplier can influence prices, barriers to entry and exit are small, all suppliers offer the… …   Investment dictionary

  • Free market — A free market is a market in which property rights are voluntarily exchanged at a price arranged completely by the mutual consent of sellers and buyers. In a free market, individuals, rather than government, make the majority of decisions… …   Wikipedia

  • Human-capital theory — This is a moden extension of Adam Smith s explanation of wage differentials by the so called net (dis)advantages between different employments. The costs of learning the job are a very important component of net advantage and have led economists… …   Dictionary of sociology

  • Joseph E. Stiglitz — Infobox Scientist name = Joseph E. Stiglitz image size = 180px birth date = Birth date and age|1943|2|9|mf=y birth place = Gary, Indiana, U.S. nationality =United States field = Economics work places = Columbia University alma mater = MIT Amherst …   Wikipedia

  • Globalization and Its Discontents — Infobox Book name = Globalization and Its Discontents image caption = author = Joseph E. Stiglitz country = United States language = English subject = Globalization publisher = W.W. Norton Company release date = June 2002 media type = Print… …   Wikipedia

  • international payment and exchange — ▪ economics Introduction international exchange also called  foreign exchange        respectively, any payment made by one country to another and the market in which national currencies are bought and sold by those who require them for such… …   Universalium

  • Daron Acemoglu — Kamer Daron Acemoglu (born September 3, 1967 in Istanbul, Turkey) is a Turkish American economist. He is currently the Charles P. Kindleberger Professor of Applied Economics at Massachusetts Institute of Technology and winner of the 2005 John… …   Wikipedia

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