Definitions

News


Gender pay gap

80% of UK companies and public sectors organisations pay women less than men.

Read more

Real national income

Real national income is nominal or money national income (output) adjusted for inflation. It is also national income at 'at constant prices. The most frequently used measure of national income is Gross Domestic Product (GDP).




WTO rules

What exactly is the 'most favoured nation' rule?

Read more
Read more
Model agencies collude to fix rates

Regulators find leading model agencies guilty of price fixing.

Read more
Customs unions

Costs and benefits of customs unions.

Read more
New materials

Multiple choice papers for Paper Three.

Read more
Savings ratio

Savings ratio falls to lowest level on record.

Read more