Economics

Items

• inferior goods

  Products or services whose demand decreases as consumer income rises.
• inflation

  A sustained increase in the general price level of goods and services in an economy.
• inflation of quotations

  Accounting for the impact of rising prices or inflation when quoting prices for goods, services, or contracts over time.
• informal sector

  Economic activities that are not regulated or taxed by the government, e.g spaza shop
• infrastructure

  The essential systems and facilities that enable a business, region, or nation to function and operate.
• innocent purchaser

  A buyer who purchases property for value without knowledge of any defects in the seller's title or other claims against the property.
• insurance company

  Crucial financial intermediary that provides risk management, savings mechanisms, and investment opportunities.
• insurance policy

  A legal contract between the insurance company and the person(s), business, or entity being insured.
• insured

  An individual, group, or organization that holds an i
• insurer

  A company that provides assurance coverage to people, groups, or firms for a fee.
• interest

  The cost of borrowing money, or the return on lending money.
• interest rates

  The cost of borrowing money or the return on savings, expressed as a percentage of the principal.
• internal audit

  An analysis of a business that's intended to identify opportunities to add value for stakeholders and improve operations.
• intestate

  Not having a legal document (will) that says what is to happen to a person's property when they die.
• investor

  A person or entity who allocates capital with the expectation of generating a return.
• jobless growth

  A situation where economic growth occurs without a corresponding increase in employment or even results in a decrease in employment.
• jurisdictional strike

  A strike that results from a dispute between two or more unions over which one has the right to represent certain workers or to perform specific work.
• labour

  Work, especially physical work.
• labour piracy

  Unauthorized or unfair recruitment and poaching of employees, often from one company to another, and can also be seen as a form of labour trafficking.
• land

  The natural resources used in production encompassing not only the physical land surface but also all natural resources that not man made.
• law of demand

  The quantity demanded of a good or service is inversely related to its price, assuming all other factors remain constant.
• law of diminishing marginal returns

  As one input in a production process is increased, while keeping other inputs constant, there will be a point where the marginal product (additional output) from each additional unit of input will start to decrease.
• legal tender

  The national currency recognized by law as a valid means of settling debts and meeting financial obligations.
• legal title

  Formally recognized ownership of a property or asset as defined by law.
• lend

  To provide funds or assets to another party with the expectation of repayment, typically with interest.