Examlex
Aristotle referred to the brain as a "heat boiler" of blood.
Diminishing Returns
An economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other variables remain constant.
Catch-Up Effect
The theory that poorer economies will tend to grow at faster rates than wealthier ones, allowing them to catch up in terms of income and other economic measures.
Capital
Refers to assets or resources that businesses or individuals use to generate wealth through investment.
Saving Rates
The proportion of disposable income that individuals or an economy as a whole save rather than spend on consumption.
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