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grants economics (H3)<br />A type of economics examining both twoway transfers (exchanges) and one-way transfers (grants). To understand grants is to be able to comprehend the nature of much of fiscal policy, as it is concerned with providing TRANSFER INCOMES for persons who exchange nothing for them, and of expenditure programmes which create social goods. This type of economics is also useful in the analysis of international aid.<br /><em>Reference</em><br />Boulding, K.E. (1973) The Economy of Love and Fear: A Preface to Grants Economics, Belmont, CA: Praeger.
liquid market (G1)<br />A market where buying and selling are easy and low cost with the consequence that prices tend to their underlying values.
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<strong>AGI</strong> – Adjusted Gross Income, an income figure on federal tax returns used to perform need analysis and verification.
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