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Art Fund (formerly the National Art Collections Fund) is an independent membership-based British charity, which raises funds to aid the acquisition of artworks for the nation. It gives grants and acts as a channel for many gifts and bequests, as well as lobbying on behalf of museums and galleries and their users.
Investment is often modeled as a function of interest rates, given by the relation I = I (r), with the interest rate negatively affecting investment because it is the cost of acquiring funds with which to purchase investment goods, and with income positively affecting investment because higher income signals greater opportunities to sell the ...
t. e. Redistribution of income and wealth is the transfer of income and wealth (including physical property) from some individuals to others through a social mechanism such as taxation, welfare, public services, land reform, monetary policies, confiscation, divorce or tort law. [1] The term typically refers to redistribution on an economy-wide ...
The wage–fund doctrine is a concept from early economic theory that seeks to show that the amount of money a worker earns in wages, paid to them from a fixed amount of funds available to employers each year ( capital ), is determined by the relationship of wages and capital to any changes in population. In the words of J. R. McCulloch, [1]
In constrained optimization in economics, the shadow price is the change, per infinitesimal unit of the constraint, in the optimal value of the objective function of an optimization problem obtained by relaxing the constraint. If the objective function is utility, it is the marginal utility of relaxing the constraint.
A more general definition is that a currency is a "system" of money (monetary units) in common use, especially within a particular nation. current account A country's current account is one of the two components of its balance of payments, the other being the capital account (also known as the financial account).
Dishoarding or dishoarded money is an important source of the supply of loanable funds. An increase in dishoarding while there is no change in the demand for loanable funds, will cause the rate of interest to fall. Due to which there is an increase in demand for securities, causing their prices to rise and the rate of interest to fall.
Marginal cost of public funds. The marginal cost of public funds ( MCF) is a concept in public finance which measures the loss incurred by society in raising additional revenues to finance government spending due to the distortion of resource allocation caused by taxation. [1] Formally, it is defined as the ratio of the marginal value of a ...