Economic Impact

Brain Drain
Brain drain refers to the migration of highly skilled and educated individuals from one country to another, often in search of better career prospects, living conditions, or educational opportunities.
Cash Crop
A crop that is grown primarily for sale to return a profit rather than for consumption by the farmer. Common examples include coffee, cocoa, and sugar in tropical regions, and grains and vegetables in temperate zones.
Rent Control
Laws that govern the maximum rate that may be charged for space. Though popular among tenants, rent control can be economically detrimental to an area because it distorts the forces of supply and demand.
Spillover
Spillover refers to the effects of economic activity or processes on individuals or groups who are not directly involved in the activity. These can be either positive or negative, impacting those who live or work nearby.
Zombie Companies
A zombie company is a business that continues to operate despite being insolvent or bankrupt, often propped up by banks or investors even though it does not generate sufficient revenue to service its debts.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.