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SOCIAL REGULATION: Government regulation that addresses specific social problems, including pollution, product safety, worker safety, and discrimination. The late 1960s and early 1970s was a period of considerable social regulation. Within a 10-year period the government established several regulatory agencies, including Equal Employment Opportunity Commission, Environmental Protection Agency, National Highway Traffic Safety Administration, Occupational Safety and Health Administration, and Consumer Product Safety Commission, to deal with social problems.
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LAW OF SUPPLY The direct relationship between supply price and the quantity supplied, assuming ceteris paribus factors are held constant. This economic principle indicates that an increase in the price of a commodity results in an increase in the quantity of the commodity that sellers are willing and able to sell in a given period of time, if other factors are held constant. The law of supply is an important principle in the study of economics.
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GRAY SKITTERY
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Today, you are likely to spend a great deal of time surfing the Internet looking to buy either a genuine down-filled snow parka or throw pillows for your living room sofa. Be on the lookout for poorly written technical manuals.
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The word "fiscal" is derived from a Latin word meaning "moneybag."
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"I feel sorry for the person who canžt get genuinely excited about his work. Not only will he never be satisfied, but he will never achieve anything worthwhile. " -- Walter Chrysler, automaker
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NAG
Net Annual Gain
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