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Intervention Storage
A buffer stock scheme (commonly implemented as intervention storage, the "ever-normal granary") is an attempt to use commodity storage for the purposes of stabilising prices in an entire economy or an individual (commodity) market. Specifically, commodities are bought when a surplus exists in the economy, stored, and are then sold from these stores when economic shortages in the economy occur. Real-world examples The United States Strategic Petroleum Reserve stores 727 million barrels of crude petroleum, which is sold or lent during shortages. Operation Two-price scheme Most buffer stock schemes work along the same rough lines: first, two prices are determined, a floor and a ceiling (minimum and maximum price). When the price drops close to the floor price (after a new rich vein of silver is found, for example), the scheme operator (usually government) will start buying up the stock, ensuring that the price does not fall further. Likewise, when the price rises close to th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commodity
In economics, a commodity is an economic good, usually a resource, that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them. The price of a commodity good is typically determined as a function of its market as a whole: well-established physical commodities have actively traded spot and derivative markets. The wide availability of commodities typically leads to smaller profit margins and diminishes the importance of factors (such as brand name) other than price. Most commodities are raw materials, basic resources, agricultural, or mining products, such as iron ore, sugar, or grains like rice and wheat. Commodities can also be mass-produced unspecialized products such as chemical substance, chemicals and computer memory. Popular commodities include Petroleum, crude oil, Maize, corn, and gold. Other definitions of commodity include something useful or valued and an alternative ter ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
An Lushan
An Lushan (; 20th day of the 1st month 19 February 703 – 29 January 757) was a general in the Tang dynasty and is primarily known for instigating the An Lushan Rebellion. An Lushan was of Sogdian and Göktürk origin,Yang, Zhijiu, "An Lushan". ''Encyclopedia of China'' (Chinese History Edition), 1st ed.Lin, TianweAn Lushan profile ''Chinese Encyclopedia'' (Biography Edition; 1st ed.); accessed 3 August 2011.Zhong, Han. "Ah Lushan Dengzahu De Neiya Wenhua Beijing" ("The Cultural Background on An Lushan, etc in Inner Asia — With the Discussion on the Inner Asia-ized of Sute or Sogdian"). ''Journal of Chinese Historical Studies'' (2005); ISSN 1002-7963 at least by adoption. He rose to military prominence by defending the northeastern Tang frontier from the Khitans and other threats. He was summoned to Chang'an, the Tang capital, several times and managed to gain favor with Chancellor Li Linfu and Emperor Xuanzong of Tang. This allowed An Lushan to amass significant military po ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bitteswell
Bitteswell is a small village and former civil parish, now in the parish of Bitteswell with Bittesby, in the Harborough district of Leicestershire in England. It is situated just north of the town of Lutterworth, and in the 2001 census had a population of 454 (including Magna Park). The population had increased to 554 at the 2011 census. It was recorded in the Domesday Book as Betmeswelle. The village's name means 'the spring/stream in the broad valley'. History The village contains two thatched houses and a number of Georgian dwellings alongside modern houses. Population figures have not altered much since records began in 1801 with a population of 398 was recorded as against around 380 today. In 1841 there was a big increase caused by the building of Bitteswell Hall, north of the village. This brought employment and new families as it had its own farms, gas installation etc., but in the 1920s it was demolished, the land and buildings split up. The village also had its own ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Production Quota
A production quota is a goal for the production of a good. It is typically set by a government or an organization, and can be applied to an individual worker, firm, industry or country. Quotas can be set high to encourage production, or can be used to restrict production to support a certain price level. What is a quota? A quota refers to a measure that limits, either minimum or maximum, on a particular activity. Quotas are usually enacted by governments or organizations to protect domestic industries. In short, it limits the number of goods a country can export or import during a certain period of time. Criticism Quotas, like other trade restrictions, are typically used to benefit the producers of a good at the expense of consumers in that economy. Possible effects include corruption (bribes to increase a quota allocation) or smuggling (concealed actions to exceed a quota). Quotas disrupt normal business cycles and do not help innovation. While it may seem like a good idea for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Supply And Demand
In microeconomics, supply and demand is an economic model of price determination in a Market (economics), market. It postulates that, Ceteris paribus, holding all else equal, in a perfect competition, competitive market, the unit price for a particular Good (economics), good, or other traded item such as Labour supply, labor or Market liquidity, liquid financial assets, will vary until it settles at a point where the quantity demanded (at the current price) will equal the quantity supplied (at the current price), resulting in an economic equilibrium for price and quantity transacted. The concept of supply and demand forms the theoretical basis of modern economics. In macroeconomics, as well, the AD–AS model, aggregate demand-aggregate supply model has been used to depict how the quantity of real GDP, total output and the aggregate price level may be determined in equilibrium. Graphical representations Supply schedule A supply schedule, depicted graphically as a supply cu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Common Agricultural Policy
The Common Agricultural Policy (CAP) is the agricultural policy of the European Union. It implements a system of agricultural subsidies and other programmes. It was introduced in 1962 and has since then undergone several changes to reduce the EEC budget cost (from 73% in 1985 to 37% in 2017) and consider rural development in its aims. It has, however, been criticised on the grounds of its cost and its environmental and humanitarian effects. Overview The CAP is often explained as the result of a political compromise between France and Germany: German industry would have access to the French market; in exchange, Germany would help pay for France's farmers. The CAP has always been a difficult area of EU policy to reform; it is a problem that began in the 1960s and one that has continued to the present, albeit less severely. Changes to the CAP are proposed by the European Commission, after a public consultation, which then sends its proposals to the Council and to the European Pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Overproduction
In economics, overproduction, oversupply, excess of supply or glut refers to excess of supply over demand of products being offered to the market. This leads to lower prices and/or unsold goods along with the possibility of unemployment. The demand side equivalent is underconsumption Underconsumption is a theory in economics that recessions and stagnation arise from an inadequate consumer demand, relative to the amount produced. In other words, there is a problem of overproduction and overinvestment during a demand crisis. The ...; some consider supply and demand two sides to the same coin – excess supply is only relative to a given demand, and insufficient demand is only relative to a given supply – and thus consider overproduction and underconsumption equivalent. Overproduction is often attributed as due to previous overinvestment – creation of excess productive capacity, which must then either lie idle (or under capacity), which is unprofit (economics), profitable, or ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Great Depression
The Great Depression (19291939) was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The economic contagion began around September and led to the Wall Street stock market crash of October 24 (Black Thursday). It was the longest, deepest, and most widespread depression of the 20th century. Between 1929 and 1932, worldwide gross domestic product (GDP) fell by an estimated 15%. By comparison, worldwide GDP fell by less than 1% from 2008 to 2009 during the Great Recession. Some economies started to recover by the mid-1930s. However, in many countries, the negative effects of the Great Depression lasted until the beginning of World War II. Devastating effects were seen in both rich and poor countries with falling personal income, prices, tax revenues, and profits. International trade fell by more than 50%, unemployment in the U.S. rose to 23% an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Benjamin Graham
Benjamin Graham (; né Grossbaum; May 9, 1894 – September 21, 1976) was a British-born American economist, professor and investor. He is widely known as the "father of value investing", and wrote two of the founding texts in neoclassical investing: ''Security Analysis'' (1934) with David Dodd, and ''The Intelligent Investor'' (1949). His investment philosophy stressed investor psychology, minimal debt, buy-and-hold investing, fundamental analysis, concentrated diversification, buying within the margin of safety, activist investing, and contrarian mindsets. After graduating from Columbia University at age 20, he started his career on Wall Street, eventually founding the Graham–Newman Partnership. After employing his former student Warren Buffett, he took up teaching positions at his '' alma mater,'' and later at UCLA Anderson School of Management at the University of California, Los Angeles. His work in managerial economics and investing has led to a modern wave of value ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Drought In The United States
Drought in the United States is similar to that of other portions of the globe. Below normal precipitation leads to drought, and is caused by an above average persistence of high pressure over the affected area. Changes in the track of extratropical cyclones, which can occur during climate cycles such as the El Niño-Southern Oscillation, or ENSO, as well as the North Atlantic Oscillation, Pacific Decadal Oscillation, and Atlantic multidecadal oscillation, modulate which areas are more prone to drought. Increased drought frequency and severity is also expected to be one of the effects of global warming. The country's contiguous western and especially southwestern region has experienced widespread drought since about year 2000. Drought having an acute economic impact in the history of the United States occurred during the 1930s and 1940s, periods of time known as 'Dust Bowl' years where relief and health agencies became overburdened and many local community banks had to clo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Henry A
Henry may refer to: People *Henry (given name) *Henry (surname) * Henry Lau, Canadian singer and musician who performs under the mononym Henry Royalty * Portuguese royalty ** King-Cardinal Henry, King of Portugal ** Henry, Count of Portugal, Henry of Burgundy, Count of Portugal (father of Portugal's first king) ** Prince Henry the Navigator, Infante of Portugal ** Infante Henrique, Duke of Coimbra (born 1949), the sixth in line to Portuguese throne * King of Germany **Henry the Fowler (876–936), first king of Germany * King of Scots (in name, at least) ** Henry Stuart, Lord Darnley (1545/6–1567), consort of Mary, queen of Scots ** Henry Benedict Stuart, the 'Cardinal Duke of York', brother of Bonnie Prince Charlie, who was hailed by Jacobites as Henry IX * Four kings of Castile: **Henry I of Castile **Henry II of Castile **Henry III of Castile **Henry IV of Castile * Five kings of France, spelt ''Henri'' in Modern French since the Renaissance to italianize the name and to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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