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  2. Wage-price spiral - Wikipedia

    en.wikipedia.org/wiki/Wage-price_spiral

    The term "wage-price spiral" appeared in a 1937 New York Times article about a steel-workers' strike. In the 1970s, US President Richard Nixon attempted to break what he saw as a "spiral" of prices and costs, by imposing a price freeze, with little effect. Some sources distinguish between wage-price spirals and price-wage spirals.

  3. Relative price - Wikipedia

    en.wikipedia.org/wiki/Relative_price

    A relative price is the price of a commodity such as a good or service in terms of another; i.e., the ratio of two prices. A relative price may be expressed in terms of a ratio between the prices of any two goods or the ratio between the price of one good and the price of a market basket of goods (a weighted average of the prices of all other goods available in the market).

  4. International reply coupon - Wikipedia

    en.wikipedia.org/wiki/International_reply_coupon

    International reply coupon. An international reply coupon (IRC) is a coupon that can be exchanged for one or more postage stamps representing the minimum postage for an unregistered priority airmail letter of up to twenty grams sent to another Universal Postal Union (UPU) member country. IRCs are accepted by all UPU member countries.

  5. Paradox of value - Wikipedia

    en.wikipedia.org/wiki/Paradox_of_value

    The paradox of value (also known as the diamond–water paradox) is the contradiction that, although water is on the whole more useful, in terms of survival, than diamonds, diamonds command a higher price in the market. The philosopher Adam Smith is often considered to be the classic presenter of this paradox, although it had already appeared ...

  6. Cost of electricity by source - Wikipedia

    en.wikipedia.org/wiki/Cost_of_electricity_by_source

    The levelized cost of electricity (LCOE) is a metric that attempts to compare the costs of different methods of electricity generation consistently. Though LCOE is often presented as the minimum constant price at which electricity must be sold to break even over the lifetime of the project, such a cost analysis requires assumptions about the value of various non-financial costs (environmental ...

  7. Bride price - Wikipedia

    en.wikipedia.org/wiki/Bride_price

    Bride price, bride-dowry, bride-wealth, [1] bride service or bride token, is money, property, or other form of wealth paid by a groom or his family to the woman or the family of the woman he will be married to or is just about to marry. Bride dowry is equivalent to dowry paid to the groom in some cultures, or used by the bride to help establish ...

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