18 terms were found starting with the letter f.
- Factor of Production
- A resource (for example, capital, labor or land) used to produce a good or service. Same as input into production.
- Farming System
- Refers to the way that farming is organized and the way that farmers use land. The three broad types of farming systems in the world are settled agriculture, shifting cultivation, and pastoral nomadism.
- Fast Track Authority
- Procedures designed to facilitate negotiation of trade agreements. In the U.S., fast track authority gives the President the power to negotiate a trade agreement and submit it to Congress for approval or disapproval without amendment.
- Fertility Rate
- The number of children born alive each year per 1,000 women of childbearing age (usually defined as women between 15 and 49 years old).
- Financial Intermediary
- Any public or private financial institution that directs loanable funds from savers to borrowers.
- Firm Specific Advantage/Firm Specific Asset (FSA)
- The special skills and assets that enable a firm to differentiate itself from its rivals. Examples include a firm’s intellectual property such as product development, patents, brands, management techniques, and market knowledge.
- Fixed Input
- An input whose quantity used is taken as fixed and therefore outside of the control of a firm given the time horizon under consideration.
- Floating Exchange Rate
- A system where a country’s exchange rate is determined on the market rather than by the government, and where the exchange rate is free to move up and down according to changes in the supply and demand for that country’s currency.
- Food Aid
- Occurs when a country with an exportable surplus of food, bulk or processed, donates or sells the food to a country in need. If the food is sold, it is usually far below world prices and/or with very subsidized credit provisions.
- Food and Agriculture Organization (FAO)
- An organization of the United Nations, founded in 1945, whose objectives are to raise levels of nutrition and standards of living, to improve agricultural productivity, to better the living conditions of rural populations, and to conserve natural resources. FAO conducts agricultural research, provides development assistance, collects and disseminates information, and provides policy advice to governments.
- Food System
- A term that encompasses the whole range of food production and consumption activities. The food system includes farm input supply, farm production, food processing, wholesale and retail distribution, marketing, and consumption.
- Foreign Affiliate
- A foreign entity in which a parent firm holds a substantial, but not necessarily majority, ownership.
- Foreign Aid
- Same as development assistance, which consists of international transfers through loans or outright grants, either directly from one country to another or indirectly from one country to another via a multilateral assistance agency like the World Bank.
- Foreign Investment
- Investments in a country by private corporations or individuals in other countries.
- Free on Board (FOB, F.O.B.)
- When the selling price of a good does not include transportation costs (freight, insurance). The buyer pays for those costs separately. The risk of loss or damage to the goods in transport is borne by the buyer or the buyer’s insurance company.
- Free Rider
- An individual, household or firm that benefits from actions paid for by some other individual, household or firm.
- Free Trade
- When two or more countries agree to drastically diminish, if not eliminate, tariffs and quotas between themselves on some or all goods. However, each country is free to pursue independent policies with respect to the rest of the world.
- Futures Exchange
- A central marketplace with established rules and regulations where buyers and sellers meet to trade futures and options contracts.