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Home Dictionary J Jobseeker's Allowance (JSA) Unemployment Benefit (JSA) is unemployment benefit available to certain unemployed UK citizens who are looking for work. Recipients applying for a JSA must prove that they are actively looking for work and are willing to take any job at a reasonable pay. Applicants must be allowed to live and work in the UK and generally must be at least 18 years of age (with some exceptions). Candidates must either be unemployed or not work more than 16 hours per week; they cannot be full-time students. Abenomics
September 25, 2022 Abenomics is a set of economic policies championed by Japanese Prime Minister Shinzo Abe when he came to power for the second time in 2012. Robinson-Patman Act
September 25, 2022 The Robinson-Patman Act is a federal law designed to prevent price discrimination. Adhesion Contract
September 25, 2022 Affiliation contracts are “take it or leave it” agreements where you have to accept or reject the contract as a whole. Adjudication
September 25, 2022 Litigation is the process by which the judge of the court resolves disputes between two parties. Affirmative Action
September 25, 2022 Affirmative action aims to reverse historical trends of discrimination against individuals with certain identities. Affordable Care Act
September 25, 2022 The Affordable Care Act was signed into law in March 2010 and is commonly known as “Obamacare”. Americans with Disabilities Act (ADA)
September 25, 2022 The Americans with Disabilities Act (ADA) was passed in 1990 to prevent discrimination against people with disabilities in the workplace and in employment. Anti-Dumping Duty
September 25, 2022 An anti-dumping duty is a protective tariff that a country’s government imposes on foreign imports that it judges to be below fair market value. Antitrust
September 25, 2022 Antitrust laws have been designed to protect and encourage competition in all sectors of the economy. Article 50
September 25, 2022 Article 50 is a clause in the Lisbon Treaty of the European Union that describes how a country can voluntarily leave the bloc. Asset Protection
September 25, 2022 Asset protection refers to the strategies used to protect one’s wealth from taxation, confiscation or other losses. Autarky
September 25, 2022 Autarky refers to a state of self-sufficiency and is commonly used to describe countries or economies that seek to reduce their dependence on international trade. Barriers to Entry
September 25, 2022 Barriers to entry describe high start-up costs or other barriers that prevent new competitors from easily entering an industry or area of business. Barter
September 25, 2022 Barter is the exchange of goods and services between two or more parties without the use of money. Best Endeavors
September 25, 2022 “Best Effort” is a legal term that represents the obligation of a party to a contract to take all possible steps to fulfill the terms of the agreement. Bicameral System
September 25, 2022 A bicameral system is a style of government with two separate divisions within the legislative branch. Bilateral Trade
September 25, 2022 Bilateral trade agreements are agreements between countries aimed at promoting trade and commerce. Budget Deficit
September 25, 2022 A budget deficit occurs when spending exceeds income. Build-Operate-Transfer Contract
September 25, 2022 A Build-Operate-Transfer (BOT) contract is a model used to finance large projects, usually infrastructure projects, developed through a public-private partnership. Bureaucracy
September 25, 2022 The word “bureaucracy” implies a complex structure with many levels and procedures. Cap and Trade
September 25, 2022 Energy quota and trading programs are designed to progressively reduce pollution by giving companies an incentive to invest in cleaner alternatives. Capital Gain
September 25, 2022 Capital gain is the increase in the value of fixed capital that is realized when an asset is sold. Capitalism
September 25, 2022 Capitalism is an economic system characterized by private ownership of the means of production, especially in the industrial sector, in which labor is paid only according to wages. Carbon Credit
September 25, 2022 Carbon credits were developed as a mechanism to reduce greenhouse gas emissions. Clayton Antitrust Act
September 25, 2022 The Clayton Antitrust Act of 1914 continues to govern US business practices today.