Economics

Harmonization: Convergence of Tax Rates and Regulatory Rules
The process of convergence over time of tax rates and regulatory rules in countries belonging to an economic bloc, actively pursued as a policy by the European Union (EU).
Harrod-Domar Growth Model: A Foundation in Economic Growth Theory
An in-depth exploration of the Harrod-Domar Growth Model, which examines the relationship between fixed capital-labor ratios, saving propensities, and economic growth.
Harrod-Neutral Technical Progress: Efficiency and Economic Growth
Harrod-Neutral Technical Progress refers to a type of technical advancement that enhances labour efficiency, leading to a faster increase in labour efficiency units compared to the actual number of workers available. This form of progress is labor-saving and differs from Hicks-neutral technical progress, which boosts the efficiency of all factors proportionately.
Harvesting: The Process of Collecting Mature Produce
Harvesting is the process of gathering mature crops from the fields. This article covers historical context, types, key events, detailed explanations, and various other related topics.
Harvesting Strategy: Making a Short-Term Profit from a Product Before Withdrawing It
Harvesting Strategy involves generating short-term profits from a product that is planned to be withdrawn from the market by minimizing marketing and support costs.
Haulage: Charge for Transporting Goods
The charge made by a haulier (haulage contractor) for transporting goods, especially by road. If the goods consist of a large number of packages (e.g. 100 tonnes of cattle feed packed in 2000 bags each weighing 50 kilograms) there will be a separate charge for loading and unloading the vehicle.
Hauptversammlung: General Meeting of Shareholders in an AG
Detailed explanation of the Hauptversammlung, its purpose, types, historical context, and applicability in corporate governance within Aktiengesellschaft (AG).
Hausman Test: A Comprehensive Guide
The Hausman Test is a model specification test commonly used in econometrics to evaluate the consistency and efficiency of two proposed estimators under different hypotheses.
Hawala: Informal Value Transfer System
Hawala, a remittance system operating parallel to conventional banking, relies on trust and regional affiliations. It was developed in India before the advent of western banking.
Headline Inflation: Understanding the Broad Measure of Inflation
Headline inflation is a measure of the total inflation within an economy, including all goods and services, such as food and energy prices, which are more volatile.
Health and Social Care Levy: An Additional Charge to Fund Health and Social Care Services
The Health and Social Care Levy is an additional charge implemented to fund health and social care services, encompassing its historical context, types, key events, formulas, importance, applicability, and related terms.
Heavily Indebted Poor Countries: Debt Relief Initiative
A comprehensive overview of the Heavily Indebted Poor Countries (HIPC) initiative, including historical context, key events, eligibility criteria, importance, and examples.
Heckscher-Ohlin Theorem: A Pillar in International Trade Theory
The Heckscher-Ohlin Theorem posits that countries export goods that use their abundant and cheap factors of production, and import goods that require factors in short supply. This article explores the historical context, key events, detailed explanations, models, and importance of this theorem in the context of international economics.
Heckscher-Ohlin Theory: A Fundamental International Trade Model
The Heckscher-Ohlin Theory explains international trade patterns based on a country's factor endowments, predicting that nations will export goods that utilize their abundant resources.
Hedge Fund: Investment Strategy and Market Anomalies
An in-depth look at hedge funds, their strategies, historical context, key events, types, formulas, and their significance in the finance world.
Hedonic Pricing: Method for Valuing Goods Based on Individual Characteristics
Hedonic Pricing is a method used to estimate the value of a good by considering the value of its individual characteristics, such as rooms, garden, and location for a house.
HENRYs: High Earners, Not Rich Yet Individuals
An in-depth exploration of High Earners, Not Rich Yet individuals, including their financial behaviors, challenges, and strategies for wealth accumulation.
Herd Basis: An Election to Treat a Production Herd as a Capital Asset
An in-depth exploration of the Herd Basis election, its historical context, application in agriculture, and implications for tax liability and accounting.
Herding: Investor Behavior and Market Dynamics
The tendency of investors to follow others’ actions, often leading to or exacerbating market anomalies and amplification of bubbles.
Herfindahl Index: A Measure of Market Concentration
An in-depth analysis of the Herfindahl Index, a key indicator used to assess the level of market concentration and firm size relative to the market size.
Heteroskedasticity: Understanding Variance in Regression Analysis
Heteroskedasticity refers to a condition in regression analysis where the variance of the error terms varies across observations, complicating the analysis and necessitating adjustments.
Hicks-Neutral Technical Progress: An Overview of Balanced Factor Productivity
Hicks-neutral technical progress refers to a type of technical advancement where the average and marginal products of all production factors increase in the same proportion, maintaining balanced productivity. This concept is fundamental in economics, particularly in the study of growth models and production functions.
Hicksian Demand: An Insight into Compensated Demand
An in-depth exploration of Hicksian Demand (or compensated demand), its historical context, mathematical formulation, importance in economics, and real-world applicability.
Hidden Action: Moral Hazard and Its Implications
An in-depth exploration of Hidden Action, its historical context, categories, key events, models, and implications in economics, finance, and beyond.
Hidden Economy: An Insight into Unseen Economic Activities
A comprehensive exploration of the hidden economy, including its definitions, types, historical context, significance, challenges, and examples. The hidden economy encompasses economic activities not reflected in official statistics due to various reasons, ranging from intentional concealment to illicit operations.
Hidden Unemployment: Invisible Workforce
A comprehensive guide to understanding hidden unemployment, its impact on the economy, and why it often goes unrecorded in official statistics.
Hidden Unemployment: An In-depth Exploration
Hidden Unemployment refers to the unemployment of potential workers that is not captured in official unemployment statistics. It includes those who have abandoned their job search, taken early retirement, or registered out of work for medical reasons.
High Net-Worth Individuals (HNWIs): Definition and Comprehensive Insights
Explore the definition, historical context, types, key events, and detailed explanations of High Net-Worth Individuals (HNWIs). Understand their importance, applicability, examples, and related terms.
High Street: The Heart of British Commerce
An in-depth exploration of High Street, the main commercial and retail areas within towns and cities in the United Kingdom.
High-Growth Companies: Firms with Above-Average Earnings Growth
High-Growth Companies are firms expected to grow their earnings at an above-average rate compared to other companies in the market. These companies often reinvest profits into expanding operations and are characterized by rapid revenue growth, scalable business models, and high valuations.
High-Powered Money: Key Component in Monetary Policy
High-Powered Money, also known as base money or monetary base, is a key concept in monetary policy and banking. It represents the money forms that commercial banks use as reserve assets and plays a critical role in money supply expansion.
High-Priced: Definition and Context
Explicitly indicates that the price is high, without necessarily implying value judgment.
High-Stabilization Fund: Successor to IRSF with a Focus on Long-Term Savings and Stability
The High-Stabilization Fund (HSF) serves as an advanced fiscal tool designed to promote long-term savings and economic stability, succeeding the Integrated Reserve Stabilization Fund (IRSF).
Higher Rate of Income Tax: Detailed Overview and Impact
An in-depth exploration of the higher rate of income tax, including its historical context, categories, key events, formulas, charts, importance, examples, and considerations. We cover related terms, interesting facts, famous quotes, and FAQs for a comprehensive understanding.
Higher-rate Taxpayer: A Comprehensive Overview
An in-depth exploration of higher-rate taxpayers, including historical context, types, key events, formulas, importance, applicability, related terms, examples, and more.
Highest and Best Use (HBU): Real Estate Appraisal Concept
Highest and Best Use (HBU) is a real estate appraisal concept that identifies the most profitable and legally permissible use of a property.
Hire Purchase: Financing Installments for Ownership
Detailed examination of Hire Purchase agreements, their historical context, types, key events, detailed explanations, and more.
Hire Purchase: Understanding the Method of Buying Goods on Instalments
A comprehensive guide to understanding hire purchase agreements, including historical context, key events, types, mathematical formulas, applicability, considerations, and more.
Hire Purchase: A Comprehensive Overview
Hire Purchase (HP) is a system by which goods are made available to the buyer for immediate use, with payments made by instalments. This article covers its history, types, importance, and more.
Historic Tax Credit (HTC): Provides Tax Credits for the Rehabilitation of Historic Buildings
The Historic Tax Credit (HTC) offers financial incentives for preserving and restoring historic buildings. It facilitates private investment in historic properties, aiding economic revitalization while preserving cultural heritage.
Hit-and-Run Entry: Quick Profit Market Strategy
Exploring the strategic market entry method of Hit-and-Run Entry, its mechanics, conditions, implications, and associated theories and examples.
HM Revenue and Customs: Overview of the UK's Tax Collection Agency
HM Revenue and Customs (HMRC) is the UK government department responsible for collecting taxes, overseeing national insurance, and administering various benefits. This article provides a comprehensive look at HMRC’s roles, functions, history, and significance.
HM Revenue and Customs (HMRC): UK Tax Authority
HM Revenue and Customs (HMRC) is the UK government department responsible for tax collection and enforcement, ensuring compliance with tax laws and regulations.
HM Treasury: The Economic and Finance Ministry of the UK Government
An in-depth look at HM Treasury, the UK Government's economic and finance ministry, including its history, functions, key events, and related concepts.
HM Treasury: The UK's Ministry for Economics and Finance
HM Treasury (HMT) is the UK ministry responsible for economics and finance, formulating and implementing financial and economic policy, and maintaining control over public expenditure.
HM Treasury: The UK's Economic and Finance Ministry
HM Treasury is the United Kingdom's economic and finance ministry, responsible for developing and executing the government's public finance policy and economic policy.
Hog Cycle: Understanding Market Fluctuations
A comprehensive exploration of the Hog Cycle, also known as the Cobweb Model, which illustrates price fluctuations in agricultural markets.
Holding Company: An Overview
A holding company is a business entity created to own shares in other companies, forming a corporate group without producing goods or services itself.
Holding Costs: Key Component in Inventory Management
An in-depth explanation of Holding Costs, a critical aspect of inventory management covering its definition, types, special considerations, and applications.
Holiday Pay: Understanding Compensation During Vacation
An in-depth look at holiday pay, its historical context, types, key events, formulas, importance, applicability, and related terms in various countries.
Home Affordability Index (HAI): A Broader Measure of Housing Affordability
The Home Affordability Index (HAI) offers a comprehensive assessment of housing affordability in a specific market, factoring in income, interest rates, and property prices.
Home Bias: Understanding the Tendency Towards Domestic Preferences
Home Bias is the tendency for consumers and investors to favor domestic products and investments over foreign ones. It is influenced by international differences in tastes, government policies, and information asymmetry.
Home Office Deduction: Maximizing Tax Savings for Home-Based Workspaces
An in-depth exploration of the home office deduction, including its historical context, types, key events, detailed explanations, mathematical formulas/models, applicability, and related considerations for maximizing tax savings on business use of home spaces.
Home Production: Comprehensive Overview and Insights
An in-depth exploration of home production, its significance, historical context, types, key events, detailed explanations, and practical applicability in modern society.
Homo Economicus: The Rational Economic Man
An in-depth analysis of the concept of Homo Economicus, a theoretical figure representing the rational and self-interested decision-maker in classical economics.
Homoskedasticity: Constant Error Variance
Homoskedasticity refers to a condition in statistical modeling where the variance of the error term remains constant across observations.
Horizontal Equity: Ensuring Fairness in Similar Circumstances
Horizontal equity is the principle that individuals in similar situations should be treated equally, particularly in the context of taxation.
Horizontal Integration: Business Expansion Strategy
Horizontal integration is a strategic business practice involving the combination of companies at the same stage of production in the same or different industries to reduce competition and achieve economies of scale.
Horizontal Merger: A Comprehensive Overview
An in-depth analysis of Horizontal Mergers, covering their historical context, types, key events, formulas, charts, importance, examples, and more.
Hostile Bid: Definition and Comprehensive Overview
An in-depth exploration of hostile bids, a type of takeover attempt against a target company's will, including historical context, types, key events, detailed explanations, and more.
Hostile Bid: An In-depth Examination
A comprehensive exploration of hostile bids in corporate finance, including historical context, key events, types, detailed explanations, examples, and related terms.
Hot Money: Financial Capital in Rapid Motion
An in-depth exploration of hot money, its definitions, implications in the financial world, and historical context.
Hot Money: Liquid Funds Subject to Rapid Movement Across Borders
Hot Money refers to funds that are quickly moved between financial markets to capitalize on short-term gains. It presents both opportunities and risks for economies due to its volatile nature.
Hotelling's Law: The Law of Minimal Differentiation
An analysis of how competitors in a market tend to minimize differentiation, positioning themselves closely to each other to maximize market share.
Hourly Basis: Employees are Paid Based on Hours Worked
A comprehensive guide to the hourly basis payment system where employees are paid for the exact hours they work, often including overtime pay.
Hourly Rate: Fee Structure Based on Time
A comprehensive guide that defines Hourly Rate, its types, applications, examples, historical context, and comparisons.
Hourly Wage: Payment Based on Hours Worked
An hourly wage is a rate of pay that workers receive based on the number of hours they work. Hourly wages compensate employees for each hour worked, eliminating the need for fixed monthly salaries and catering to flexible working arrangements.
Hours of Work: Comprehensive Guide
A detailed exploration of hours of work, including historical context, types, key events, importance, examples, and much more.
Household Decision-Making: Analyzing the Dynamics within Households
An in-depth exploration of how households make collective decisions on consumption and labour supply, including cooperative and non-cooperative models, key factors, and implications.
Housing Affordability: Ensuring Access to Adequate Housing
A comprehensive examination of housing affordability, including historical context, key events, models, and its importance in society.
Housing Cost Burden: The Percentage of Income Spent on Housing Expenses
Housing Cost Burden refers to the percentage of a household's income that is spent on housing-related expenses, including rent or mortgage payments, utilities, and property taxes. A high housing cost burden can impact a household's financial stability and quality of life.
Housing Market Index (HMI): A Measure of Builder Confidence in the Market for Newly Built Single-Family Homes
The Housing Market Index (HMI) is an economic indicator that gauges builder confidence in the market for newly built single-family homes through a survey conducted by the National Association of Home Builders (NAHB).
Housing Voucher: A Subsidy for Low-Income Families
An in-depth look at housing vouchers, a subsidy provided to low-income families to help them afford housing in the private market.

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