National Institute of Economic and Social Research.

A direct mail letter which has been returned to the sender because the address was wrong. Also, any undelivered piece […]

A contract awarded to a single vendor without any competitive process. It is generally used when there is an urgent […]

An auction with no minimum sales price.

A commonly used argument intended to define the characteristics of a group in order to demonstrate that no member of […]

An interest rate that isn’t adjusted for inflation.

These values do not take inflation into account.

The actual amount received in payment for work, in a particular currency. Also known as: money wage. See also: real […]

A section of a contract that limits one or more signatories from engaging in activities that may harm one or […]

A contract of employment containing a provision or agreement by which the worker cannot leave to work for a competitor. […]