|
6 terms
were found
starting with the letter v.
- Value Added
- The difference between the cost of materials purchased by a firm and the price for which it sells goods produced using those materials. This difference represents the value added by the productive activities of the firm.
- Value-Added Tax (VAT)
- A tax imposed on value added, that is, on the difference between the cost of materials purchased by a firm and the price for which it sells goods produced using those materials.
- Variable Input
- An input whose quantity is treated as variable open to change by a firm given the time horizon under consideration.
- Variable Levy
- A charge levied on imports that is adjusted frequently (hence "variable") in response to changes in world prices. Imposed to defend administered domestic prices that are set above world market prices.
- Vertical Organization/Integration
- Combining operations in successive stages of production upstream (away from end consumers) and/or downstream (toward final consumers) for example, a processing firm buys its supplier.
- Vulnerability
- As used in the climate change literature, the extent to which climate change may damage a system (e.g., an ecosystem or an economic system). Vulnerability depends on a system's sensitivity and adaptability to climate change.
© 1997-2009 David Abler except where noted. All rights reserved worldwide.
|
