Economics and Business Studies
- IS/LM model in macroeconomics, where LM refers to Liquidity preference-Money supply
- Lean manufacturing
- Maltese lira, the former currency of Malta
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Famous quotes containing the words economics and, economics, business and/or studies:
“The animals that depend on instinct have an inherent knowledge of the laws of economics and of how to apply them; Man, with his powers of reason, has reduced economics to the level of a farce which is at once funnier and more tragic than Tobacco Road.”
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An axiom from economics popular in the 1960s, the words have no known source, though have been dated to the 1840s, when they were used in saloons where snacks were offered to customers. Ascribed to an Italian immigrant outside Grand Central Station, New York, in Alistair Cooke’s America (epilogue, 1973)
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—Alexis de Tocqueville (1805–1859)