Demand represents the economic expression of the desire and the ability to pay for goods and services. It is distinct from mere need or desire as it encapsulates the willingness to exchange value for varying amounts of goods or services, depending on the price asked.
A dirty float (also referred to as a 'managed float') is an exchange rate system in which a country's currency value is primarily determined by market forces, such as supply and demand, but with occasional intervention by the central bank. This intervention can take the form of buying or selling the country's own currency to stabilize or alter its value. The goal is often to prevent excessive short-term fluctuations and to maintain a more stable economic environment.
A dirty float, also known as a managed float, is a system of exchange rate management where a currency's value is primarily determined by market forces but is subject to occasional intervention by a country's central bank in order to stabilize or steer the currency's value.
Fixation refers to the process of setting the present or future price of a commodity based on market analyses and assessments of supply and demand.
A floating exchange rate is a type of exchange rate regime wherein a currency's value is allowed to fluctuate due to market forces without direct governmental control. However, governments and central banks may intervene to stabilize the currency if necessary.
A managed economy is one in which the government intervenes extensively to direct economic activity. Such intervention is characteristic of socialist and communist economies, in stark contrast to capitalist economies where market forces predominantly guide economic activity.
A managed float, also known as a dirty float, is an exchange rate system where a currency’s value is primarily determined by market forces but is also occasionally adjusted by the central bank to stabilize or reach specific targets.
An economic system combining private and public enterprise, where both market forces and government intervention are used to determine the allocation of resources and prices.
A planned economy is one where government planning dominates the direction of economic activity, and market forces play a minimal role. Typically associated with socialist and communist economies, as opposed to capitalist economies where market forces are more influential.
