Economics terms starting with S

20 terms

  1. Sales of services through foreign affiliates of multinational companies Services sold in international markets through the channel of direct investment. From the U.S.
  2. SDR See Special drawing rights (SDR)
  3. Secondary producer An industry that, in addition to producing its primary product, also produces other goods or services.
  4. Secondary product Goods or services produced by an industry other than the primary product of that industry.
  5. Service See Services
  6. Services Products that cannot be stored and are consumed at the place and time of their purchase. Related terms: Durable goods, Nondurable goods, Structures.
  7. SIC See Standard Industrial Classification (SIC)
  8. SITC See Standard International Trade Classification (SITC)
  9. Special drawing rights See Special drawing rights (SDR)
  10. Special drawing rights (SDR) Reserve assets created by the International Monetary Fund (IMF) and periodically allocated to IMF members in proportion to their respective quotas.
  11. Standard Industrial Classification See Standard Industrial Classification (SIC)
  12. Standard Industrial Classification (SIC) A U.S. system for classifying economic activity; superceded by the North American Industry Classification System (NAICS).
  13. Standard International Trade Classification See Standard International Trade Classification (SITC)
  14. Standard International Trade Classification (SITC) An internationally recognized foreign trade data classification system. This system, which was developed by the United Nations, provides the commodity…
  15. State personal income Income that is received by, or on behalf of, persons who live in the state. It is calculated as the sum of wage and salary disbursements, supplements to…
  16. Statistical discrepancy The difference between gross domestic product (GDP) and gross domestic income (GDI).
  17. Structures Products that are usually constructed at the location where they will be used and that typically have long economic lives.
  18. Subsidies The monetary grants paid by government agencies to private business or to government enterprises at another level of government.
  19. Subsidy See Subsidies
  20. Supplements to wages and salaries Consists of employer contributions for employee pension and insurance funds and employer contributions for government social insurance.