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UNILATERAL: An action, often used in terms of an international trade agreement, that's extended to only one party. For example, the United States might enter into a unilateral agreement with Canada over the employment of Canadian hockey players in the United States. The agreement, though, would have nothing to do with U. S. hockey players in Canada.
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CONSTANT RETURNS TO SCALE A given proportional change in all resources in the long run results in the same proportional change in production. Constant returns to scale exists if a firm increases ALL resources--labor, capital, and other inputs--by 10 percent, and output also increases by 10 percent. This is one of three returns to scale. The other two are increasing returns to scale and decreasing returns to scale.
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PINK FADFLY [What's This?]
Today, you are likely to spend a great deal of time at the confiscated property police auction wanting to buy either a weathervane with a chicken on top or a flower arrangement with daisies and carnations for your uncle. Be on the lookout for defective microphones. Your Complete Scope
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Much of the $15 million used by the United States to finance the Louisiana Purchase from France was borrowed from European banks.
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"Anyone who has never made a mistake has never tried anything new. " -- Albert Einstein, physicist
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AASB American Assocation of Small Business
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