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.
More from the glossary
Deflation
A sustained fall in the general price level. It sounds welcome but tends to delay spending…
Volatility
How sharply a price moves over time, in either direction. High volatility means larger swings, not…
Algorithm
A defined sequence of steps for solving a problem. In coverage of platforms it usually means…
Supply chain
The chain of suppliers, factories and transport that turns raw materials into a delivered product. A…