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Евро

The main currency of the European Union, launched in January 1999 and in general circulation since 2002 (see economic and monetary union).

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Single currency for European Monetary Union (EMU) launched on 1 January 1999.

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The economy comprising all the countries that have adopted the Euro. There is much debate among economists about whether the Euro zone is in fact an optimal currency area.

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The stuff that enables people to earn a living. Human capital can be increased by investing in education, training and health care. Economists increasingly argue that the ...

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Production costs that do not change when the quantity of output produced changes, for instance, the cost of renting an office or factory space. Contrast with variable costs.

финансиски посредник
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A middleman. An individual or institution that brings together investors (the source of funds) and users of funds (such as borrowers). May be increasingly at risk of ...

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Sales abroad. Exports grew steadily as a share of world output during the second half of the 20th century. Yet by some measures this share was no higher than at the end of the ...

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The capital gain plus income that investors think they will earn by making an investment, at the time they invest.

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What people assume about the future, especially when they make decisions. Economists debate whether people have irrational or rational expectations, or adaptive expectations that ...

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