Glossary Politics & World
Referendum
A direct public vote on a single question. Whether the result binds the government depends on the law under which it was held.
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Recession
A significant, broad decline in economic activity lasting more than a few months. The rough-and-ready definition…
Bipartisan
Supported by members of opposing parties. It describes the pattern of support for a measure, not…
Deflation
A sustained fall in the general price level. It sounds welcome but tends to delay spending…
Market capitalisation
Share price multiplied by shares outstanding: what the market says a company is worth in total.…