Baltic Free Trade Agreement - A free trade agreement between Estonia, Latvia, and Lithuania established in 1993 and remaining in place until the three countries joined the European Union in 2004.
BBB is a credit rating at the lower end of investment grade, indicating adequate capacity to meet obligations but meaningful exposure to adverse conditions.
Behavioural theories of the firm explain firms as organizations with bounded rationality, routines, and multiple internal objectives rather than as single profit-maximizing calculators.
Below-the-line items are entries recorded outside the main operating or income result, often relating to financing, appropriation, or capital transactions.
A benefits system is the set of public programs that provide income support or services when households face low income, unemployment, disability, or other need.
The between-groups estimator uses group averages in panel data to estimate how outcomes differ across entities rather than within each entity over time.
The Beveridge Report was the 1942 UK report that helped shape the postwar welfare state through proposals for social insurance and full-employment policy.
The Big Mac Index is an informal purchasing-power-parity comparison that uses the price of a Big Mac across countries to illustrate currency misalignment.
A bilateral monopoly is a market with one seller and one buyer, so price and quantity are determined by bargaining rather than by competitive market forces alone.