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by Albert N. Link
Like any language, the language of business is an ever-changing phenomenon. Economic concepts and principles evolve perpetually and, now, globally. To succeed at business - let alone excel - a grasp of the lexicon is essential. Link's International Dictionary of Business Economics is designed for all professionals seeking to hone their business skills. It provides 2,500 terms and phrases that define the way business is being done today, around the world. This volume is a major sourcebook of information - the business economics terms and phrases listed in this Dictionary are defined to provide a general understanding of the concept. Between the covers of this resource, you'll find complete explanations of terms, such as:. Leading Economic Indicator. A leading economic indicator predicts changes in the business cycle. These indicators improve before the business cycle turns up and decline prior to the business cycle turning down. Leading economic indicators include: average weekly hours
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