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recession

(Encyclopedia)recession: see depression.

business cycles

(Encyclopedia)business cycles, fluctuations in economic activity characterized by periods of rising and falling fiscal health. During a business cycle, an economy grows, reaches a peak, and then begins a downturn f...

apsis

(Encyclopedia)CE5 Apsis points, or apsides, in the earth's orbit: At perihelion the earth is closest to the sun and at aphelion it is farthest from the sun. apsis (pl. apsides), point in the orbit of a body whe...

productivity

(Encyclopedia)productivity, in economics, the output of any aspect of production per unit of input. It is a measure of the output of a worker, machine, or an entire national economy in the creation of goods and ser...

depression, in economics

(Encyclopedia)depression, in economics, period of economic crisis in commerce, finance, and industry, characterized by falling prices, restriction of credit, low output and investment, numerous bankruptcies, and a ...

tartar, dental

(Encyclopedia)tartar, dental, precipitate of saliva that accumulates around teeth at the gum line. Composed primarily of calcium salts, tartar forms as a hard brownish substance that irritates gums and causes them ...

Pevensey

(Encyclopedia)Pevensey pĕvˈənzē [key], small town (1991 pop. 2,725), East Sussex, S England, on the English Channel. Modern Pevensey, called Pevensey Bay, is a shore resort. In the old town, the site of the Rom...

monetarism

(Encyclopedia)monetarism, economic theory that monetary policy, or control of the money supply, is the primary if not sole determinant of a nation's economy. Monetarists believe that management of the money supply ...

Rye, town, England

(Encyclopedia)Rye, town (1991 pop. 4,127), East Sussex, SE England, on the Rother River. It is a tourist resort and small port with boatbuilding and netmaking industries. Rye was one of the “ancient towns” adde...

Ansip, Andrus

(Encyclopedia)Ansip, Andrus, 1956–, Estonian political leader. Ansip was an engineer (1979–83) before becoming an official of the Tartu district committee of the Estonian Communist party (1986–88). Ansip was ...