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A free trade agreement between Canada and the United States signed in 1989 and superseded by the NAFTA in 1994.
Industry:Economy
1. The plant and equipment used in production. 2. One of the main primary factors, the availability of which contributes to the productivity of labor, comparative advantage, and the pattern of international trade. 3. A stock of financial assets.
Industry:Economy
1. Since sometime in the 1990s, "capital account" refers to a minor component of international transactions, involving unilateral transfers of ownership of property. The common definition, below, describes what is now called the financial account. 2. A country's international transactions arising from changes in holdings of real and financial capital assets (but not income on them, which is in the current account). Includes FDI, plus changes in private and official holdings of stocks, bonds, loans, bank accounts, and currencies. 3. (Bretton-Woods definition) Same as common definition except excluding official reserve transactions. This definition was used under the Bretton Woods System of pegged exchange rates, but is less meaningful under floating exchange rates.
Industry:Economy
A good, such as a machine, that, once in place, becomes part of the capital stock.
Industry:Economy
A net flow of capital, real and/or financial, into a country, in the form of increased purchases of domestic assets by foreigners and/or reduced holdings of foreign assets by domestic residents. Recorded as positive, or a credit, in the balance on capital account.
Industry:Economy
A measure of the relative use of capital, compared to other factors such as labor, in a production process. Often measured by the ratio of capital to labor, or by the share of capital in factor payments.
Industry:Economy
A broad term, encompassing all the many mechanisms by which savings can be conveyed to those who wish to use it for investment. Most obviously, it includes the markets for stocks and bonds.
Industry:Economy
1. An owner (or sometimes only a manager) of capital. 2. Associated or identified with capitalism.
Industry:Economy
A technological change or technological difference that is biased in favor of using less capital, compared to some definition of neutrality.
Industry:Economy
A group of Central American countries -- El Salvador, Guatemala, Honduras, and Nicaragua -- that formed a common market in 1960, with Costa Rica added in 1962. It largely disintegrated in the 1970s and 80s due to military conflicts, but reformed as the Central American Free Trade Zone (but without Costa Rica) starting in 1993.
Industry:Economy
