ADAM SMITH
A philosopher and free-market economist during the 18th century, famous for his ideologies about the efficiency of labor division and individuals' societal benefit in pursuance of one's self-interest. In the first book of Smith, entitled The Theory of Moral Sentiments, the idea of the invisible hand, or the free-market's tendency of self-regulation through competition, self-interest, demand and supply was proposed. Adam Smith was also known for his wage differentials compensation theory, wherein undesirable or dangerous jobs will mostly likely be paid with higher wages to attract workers on these positions. Smith died in 1790.
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Borrowing Base
Money a lender will loan to a company. The borrowing base is usually determined by a method called margining, where the lender determines a discoun ...
Swaziland Lilangeni
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Deposit/Withdrawal At Custodian - DWAC
A method of electronically transferring new shares or paper share certificates from the Depository Trust Company (DTC), which acts as a clearinghou ...
Economic Stimulus
Plans to financially stimulate an economy. It implements monetary or fiscal policy changes to bolster a lagging or struggling economy. Governments ...
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 06:30 | Tertiary Industry Index | Apr | |
| 08:00 | Wholesale Price Index | May | |
| 08:30 | Producer & Import Prices | May | |
| 09:00 | SECO Consumer Confidence | May | |
| 10:00 | Trade Balance | Apr | |
| 11:00 | Current Account (sa) | Apr | |
| 11:00 | Industrial Production | Apr | |
| 14:15 | Housing Starts | May | |
| 14:30 | NY Fed Empire State manufacturing index | Jun |
