JUSTIFIED WAGE
A wage level set for a job based on market dynamics and justified by the requisites according to the worker’s experience, skills, and education. Justified wage, higher than minimum wage, is a wage level enough to attract workers but low enough to offer employment to workers. The difference between a justified wage and minimum wage varies depending on several factors such as the economic condition and unemployment level.
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Organization Of Arab Petroleum Exporting Countries - OAPEC
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Imputed Value
Value of an item such as asset for which the actual value is not recorded or available, but logical or implicit in that item wherein a real value h ...
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Amount of total premiums an insurance company collected within a period, which have been generated according to the ratio of the time rendered on t ...
Easement in Gross
Legal right to use another individual’s property as long as the owner possesses that property or the easement holder passes away.
Minimum Efficient Scale
The smallest amount of production a firm can attain while taking full advantage of economy of scales in their costs and supplies. In classical econ ...
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 12:00 | Bundesbank Monthly Report | ||
| 14:30 | Foreign Securities Purchases | Apr | |
| 14:30 | NY Fed Empire State manufacturing index | Jun | |
| 16:00 | NAHB Housing Market Index | Jun | |
| 19:00 | ECB President Mario Draghi Speaks | ||
| 20:45 | BOC Deputy Governor Lawrence Schembri Speaks | ||
| 22:00 | TICS | Apr | |
| 23:00 | Westpac Consumer Confidence | 2 quarter | |
| 03:30 | Monetary Policy Meeting Minutes |
