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economic stabilizer |
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economic stabilizerAny of the institutions and practices in an economy that serve to reduce fluctuations in the business cycle through offsetting effects on the amounts of income available for spending (disposable income). The progressive income tax, unemployment compensation, and farm price supports all help stabilize the amount of disposable income, as do family and corporate saving. |
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We must create incentives to retain old businesses and attract new businesses by becoming a true partner, because business is the economic stabilizer of our city. Higher education has proved to be an important economic stabilizer and includes the University of Toledo and Bowling Green State University. Higher education has proved to be an important economic stabilizer and includes the University of Toledo and Bowling Green State University. |
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economic stabilizer
