Concept from business management that was first described and popularized by Michael Porter in his 1985 best-seller, Competitive Advantage: Creating and Sustaining Superior Performance. This

A group of consumers who are obliged through lack of choice to buy a particular product, thus giving the supplier a monopoly. (source: http://www.thefreedictionary.com/captive+market)

The economic measures taken by local, regional, national or supranational governments to generate long-term economic growth and reduce unemployment.

Usually untraceable, and hence untaxable, business dealings that are not reflected in a country’s gross domestic product (GDP) computations. An integral part of most third-world

A system of exchange by which goods or services are directly exchanged for other goods or services without using a medium of exchange, such as

A budget in which a government announces that they will spend less money or do things that will make people spend less money, for example,

A business cycle contraction, a general slowdown in economic activity. (source: http://en.wikipedia.org/wiki/Recession)

The set of programs and policies designed to promote economic recovery and social reform introduced during the 1930s by President Franklin D. Roosevelt. (source: http://www.thefreedictionary.com/New+Deal)

In economic models, K is commonly used to represent «capital.» This is presumably due to the fact that German for capital is kapital, and also