Examlex
The concept of total quality management focuses on continuous improvement.
Loanable Funds
Financial resources available for borrowing, often within the context of a market setting interest rates.
Time Preference
The degree to which individuals prefer to receive goods, services, or returns on investments sooner rather than later.
Expected Inflation
The rate at which the general level of prices for goods and services is projected to rise over a specific period, influencing economic decisions.
Real Interest Rate
The rate of interest an investor, saver, or lender receives (or expects to receive) after allowing for inflation.
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