Frequently Used Abbreviations
AC - Average Cost
|
AD - Aggregate Demand
|
AFC - Average Fixed Cost
|
AP - Average Product
|
APC - Average Propensity to Consume
|
APS - Average Propensity to Save
|
AR - Average revenue
|
AS - Aggregate Supply
|
AVC - Average Variaable
|
BOP - Balance of Payment
|
BOT - Balance of Trade
|
CRR - Cash Reserve Ratio
|
ED - Effective Demand
|
FC - Fixed Cost
|
GDP - Gross Domestic Product
|
GNP - Gross National Product
|
IC - Indifference Curve
|
LRR - Legal Reserve Ratio
|
MC - Marginal Cost
|
MOC - Marginal Opportunity Cost
|
MP - Marginal Product
|
MPC - Marginal Propensity to Consume
|
MPS - Marginal Propensity to Save
|
MR - Marginal Revenue
|
NDP - Net Domestic Product
|
NI - National Income
|
NNP - Net National Product
|
OC - Opportunity Cost
|
PPC - Production Possibility curve
|
SLR - Statutory Liquidity Ratio
|
TC - Total Cost
|
TFC - Total Fixed Cost
|
TP - Total Product
|
TR - Total Revenue
|
TVC - Total Variable Cost
Click HERE to get a copy
|
Digest it...
People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices. - ADAM SMITH