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COMMONWEALTH: The Commonwealth is a multilateral organization of 54 developed and developing nations around the world. The Commonwealth Secretariat was established in 1965 as the main intergovernmental agency of the Commonwealth, facilitating consultation and co-operation among member governments and countries. The Commonwealth strives to be a force for peace, democracy, equality and good governance, a catalyst for global consensus building and a source of assistance for sustainable development and poverty eradication. The Commonwealth Secretariat is headed by the Commonwealth Secretary-General and is located at Marlborough House in London. Association to the Commonwealth is voluntary.
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TOTAL FACTOR COST CURVE, PERFECT COMPETITION A curve that graphically represents the relation between total factor cost incurred by a perfectly competitive firm when using a given factor of production to produce a good or service. The total factor cost curve is most important in factor market analysis for the derivation of the marginal factor cost curve.
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WHITE GULLIBON
[What's This?]
Today, you are likely to spend a great deal of time searching the newspaper want ads seeking to buy either a graduation present for your niece or nephew or a toaster oven that has convection cooking. Be on the lookout for telephone calls from long-lost relatives.
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This isn't me! What am I?
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There were no banks in colonial America before the U.S. Revolutionary War. Anyone seeking a loan did so from another individual.
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"Rowing harder doesn't help if the boat is headed in the wrong direction. " -- Kenichi Ohmae, management consultant
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IJIO
International Journal of Industrial Organization
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