A plan to enable you to leave your business, either after achieving your goal or deciding you would like to […]

Coming from outside the model rather than being produced by the workings of the model itself. See also: endogenous.

A sharp change in external conditions affecting a model.

The opinion that wage- and price-setters form about the level of inflation in the next period. See also: inflation.

Refers to the total cost of something; the opposite of profit. This can include money spent on bills, marketing, stocks, […]

A classification on a single-step income statement for both operating and nonoperating expenses and losses that pertain to the time […]

A product or service with a value that can not be ascertained until it is used.

Selling your goods or services overseas.

Goods and services produced in a particular country and sold to households, firms and governments in other countries.

The probability that an asset will be taken from its owner by the government or some other actor.