Like any language, the language of business is an ever-changing phenomenon. Economic concepts and principles evolve perpetually and, now, globally. To succeed at business - let alone excel - a grasp of the lexicon is essential.Link's International Dictionary of Business Economics is designed for all professionals seeking to hone their business skills. It provides 2,500 terms and phrases that define the way business is being done today, around the world.This volume is a major sourcebook of information - the business economics terms and phrases listed in this Dictionary are defined to provide a general understanding of the concept. Between the covers of this resource, you'll find complete explanations of terms, such as:Leading Economic Indicator. A leading economic indicator predicts changes in the business cycle. These indicators improve before the business cycle turns up and decline prior to the business cycle turning down. Leading economic indicators include: average weekly hours of production on non-supervisory workers in manufacturing, average weekly claims for unemployment insurance (inverted index) . . . See also Economic Indicator.Competitive Strategy: The actions taken by firms to establish and maintain a desirable market position are often called competitive strategies. An efficient competitive strategy utilizes all of a firm's functional resources. . .Reintegration: Reintegration is a tendency by firms to adopt automated manufacturing techniques in order to integrate into their production operations the production of components previously purchased. . .Emphasis has been placed on international terms and phrases, institutional facts germane to a variety of nations and statistical methods as related to business economic matters. This thorough reference includes concise definitions, international phrases, terms from the world's major economic powers, key statistical terms and methods, and broad applications for professionals.Cross references are used extensively to direct you to related concepts. Read Less