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retrophobia (J2)<br />Fear of going back to work and coping with the changes, including recently installed technology, which have occurred during one's absence. This problem particularly affiicts women after a mid-career break. returns to scale (D2)<br />The change in output resulting from an increase in the quantities of factor inputs employed. Returns to scale can be shown by their effect on long-run average costs (LRAC). They can be increasing (output growing faster than inputs), constant (inputs and output increasing at the same rate) or decreasing (output growing at a slower rate than inputs). The returns which are most characteristic of a particular economy will determine whether it is growing, stationary or in decline. Central to CLAssiCAL ECONOMICS was the assertion that there are diminishing returns to land. Allyn YOUNG, SRAFFA and Joan ROBINSON in their postMarshallian study of the firm examined the implications of increasing returns.<br /><em>Reference</em><br />Young, A. (1928) 'Increasing returns and economic progress', Economic Journal 38: 527-42.
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debt service indicator (GO)<br />A measure of the ability of a borrower to meet capital and interest payments on a debt. Indicators used include the debt service ratio (interest and capital repayments due divided by export earnings), the cash flow ratio (current account surplus minus interest payments divided by export earnings), and the solvency ratio (the percentage of a country's export earnings which it would have to devote to debt servicing to keep its total debt - export ratio on a declining trend).
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<strong>Principal balance</strong> – The outstanding amount of a loan, on which the lender charges interest.
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