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Glossary Business & Economy

Venture capital

Money invested in early-stage companies in exchange for equity, on the expectation that most will fail and a few will more than cover the rest.

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Recession

A significant, broad decline in economic activity lasting more than a few months. The rough-and-ready definition…

Fiscal policy

What a government does with taxation and spending, as distinct from monetary policy, which is set…

Regulator

A public body that writes and enforces detailed rules within an area the legislature has assigned…

Cloud computing

Renting computing power and storage from a provider rather than running your own servers. It converts…

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