Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts

Monday, December 22, 2008

First List of Terms

Well, let's begin.

First up, the term itself - Economics. It's derived from the Ancient Greek term oikonomia, which means the 'management of a household, administration' or in short, the rules of the household'.

I think by natural progression the next term to spring to mind would be Finance - it refers to the fields of time, money and risk along with how they are related.

Funding, or financing, means to provide capital - for short or long term purposes.

Capital refers to financial wealth, or the amount of wealth that a person controls or is capable of controlling. It can also be referred to as cash flow.

A credit rating assesses the credit worthiness of an individual, corporation, or even a country. Credit ratings are calculated from financial history and current assets and liabilities.