Terms used in trade such as Economic Integration Levels,Economies of Scale,E-Currency , Egalitarian, Efficient Market etc


Terms used in business such as Economic Integration Levels,Economies of Scale,E-Currency , Egalitarian, Efficient Market etc.




This post explains about terms used in business such as Economic Growth,Economic Integration Levels,Economies of Scale,E-Currency ,Egalitarian,Efficient Market , Electronic Database,Electronic Cottage,Embargo etc. These terms used in international business are arranged in alphabetical order and you may add more information about terms used in export business at the end of this article, if you wish.


Terms used in business



Economic Growth - An increase in a region's or nation's production of goods and services.


Economic Integration - The integration of commercial and financial activities among countries through the abolishment of economic discrimination.


Economic Integration Levels - An economic arrangement between different regions which eliminate trade barriers and coordinate monetary and fiscal policies.


Terms used in  business such as Economic Integration Levels,Economies of Scale,E-Currency , Egalitarian, Efficient Market etcEconomic Life - The period of time during which an asset, e.g. property, vehicle, machinery, etc., is expected to be usable, including repairs and maintenance, before a replacement is required.


Economic Risk - The likelihood that events, including economic mismanagement, will cause drastic changes in a country's business environment that adversely affect the profit and other goals of a particular business enterprise.


economic surplus:: the difference between an economy's output and the cost of producing it, for example, in wages, raw material costs, and depreciation.


Economic Union - A group that combines the economic characteristics of a common market with some degree of harmonization of macroeconomic policies, such as monetary and fiscal policies.


economics: the study of the consumption, distribution, and production of wealth in a society,


Economies of Scale - Achieving lower average cost per unit through a larger scale of production. This is achieved by spreading fixed cost over a greater amount of production.


Economies of Vertical Integration - Achieving lower operating costs by bringing the entire production chain within the firm rather than contracting through the marketplace.


economist: somebody who studies the consumption, distribution and production of wealth in a society.


Economy - The management of money, currency and trade of a nation. The efficient management of resources.


economy: the distribution of wealth in a society and the means by which that wealth is produced and consumed.


Ecotourism - Nature based travel to unspoilt places in the world with a view to conservation and to bring economic benefit to the local people. Also known as Ecological Tourism.


ECS / ECS :Euro Clearing System.


ECSC / CECA :The European Coal and Steel Community was established in April 1951 according to the Schumann Plan, by which France, Italy, Germany, Belgium, the Netherlands and Luxembourg undertook to abolish customs duties, quotas and monetary restrictions affecting intra-Community trade in steel, coal and iron. Member countries ratified the agreement for a period of 50 years. The ECSC Institutions served as models for the EEC Institutions with which they were merged in 1957.


E-Currency - Electronic currency. Used on the Internet for making and receiving payments. Companies which provide this service include Paypal and E-Gold.


EDDIE :Educational Directory and Demographical Information Exchange. The authoritative source for NC school information and school numbers, EDDIE feeds multiple systems including; Accountability, NC WISE, NC School Report Cards, and is used to meet federal reporting requirements.


Edutainment - Products or media which both educate and entertain at the same time, such as TV, books, computer software.


E-Enabled - Being able to communicate and/or conduct business using the internet.


Effective Exchange Rate - Spot exchange rates that are actually paid or received by the general public, including taxes on any transactions as well as bank commissions.


Efficient Market - A market in which prices reflect all relevant information.


EFTA / AELE :The European Free Trade Association (EFTA) refers to 4 countries : Iceland, Norway, Switzerland and Liechtenstein. These countries signed a free trade agreement with the EEC in 1992. The agreement came into force on 1st January 1994 and led to the establishment of the European Economic Area.


Egalitarian - Believing that everyone is equal and should all have the same rights and opportunities in life.


EIB / BEI :The European Investment Bank is the European Community's financial institution. It collects savings from capital markets and directs them towards the funding of investment projects. The loans granted by the EIB are meant to bolster the most underprivileged regions.


E-Lance - Freelance working using the Internet to sell services or goods anywhere in the world.


e-lance: a type of freelance work that makes use of the Internet. tt enables a freelancer to take up work opportunities anywhere in the world.


Elasticity Of Demand - The measure of whether people require more or less of a product or service after a price change.


e-learning: The facilitation of learning through the Internet or an Intranet. E-learning is a development from computer-based-training and consists of self-contained learning materials and resources that can be used at the pace and convenience of the learner.


Electronic Cottage - A home which has the necessary electronic equipment, such as telephone, computer, etc., from which to run a business.


Electronic Data Exchange - A means of exchanging documents between businesses using electronic equipment such as computers.


Electronic Database:An electronic database (or simply a database) is a- collection of information stored electronically. It is a computer searchable collection of information on general subject areas such as business, education or psychology. These databases are more current than, printed databases. Electronic databases are Very fast. You can collect more data electronically in s short span of time (say an hour) than would be possible in a whole day of traditional library research. Databases can be of three types-bibliographic, numeric and full text. Full text databases containing the complete contents of information are available either as on­line or as CD-ROM databases,


Electronic Purse - A type of microchipped smartcard which stores small amounts of money to enable payment for purchases, especially on the Internet, instead of having to use cash.


e-mail: electronic mail, a message sent across the Internet, or a system for transferring messages between computers, mobile phones, or other communications attached to the Internet.


Embargo / Embargo :A government order to stop trade with another country.


Embargo - A type of economic sanction that totally disallows the imports of a specific product or all products from a specific country, typically placed in a time of war.


Embargo:It refers to an order issued by a government preventing the arrival or departure of a ship, or restricting the import or export of’ specified goods. Such prohibitions are generally enforced by belligerent states in times of war.


Embarkation / Embarquement :Boarding a ship or aircraft.


Embezzlement - Dishonestly appropriate goods or money from one's employer for personal gain; steal from one's employer, typically by electronic administrative methods, thus abusing a position of trust or responsibility.


Emerging Market - An emerging market is a country that has similar attributes of a developed country, but does not yet encompass all aspects of a developed country. Emerging

markets are attractive to investors as they provide a higher risk and return than developed countries and the markets are experiencing rapid growth and industrialization. Different from an emerging economy as emerging markets are not constrained to any political boundaries.


The above details describes about terms called in business such Economic Growth,Economic Integration Levels,Economies of Scale,E-Currency , Egalitarian, Efficient Market , Electronic Database,Electronic Cottage,Embargo etc. These phrases may help importers and exporters on their day to day business activities. The readers can also add more information about terms used in business trade below this post.Terms used in trade such as Earn-Out,Easy Monetary Policy ,E-Business,EBITA ,E-Commerce , Econometrics etc.

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