The-definition.com

Definition

Activist

Activist is an economist who views the self-correcting mechanism through wage and price adjustment to be very slow and hence sees the need for the government to pursue active, discretionary policy to eliminate high unemployment whenever it develops.

Share it:  Cite

More from this Section

  • Prime Loan
    These types of loan are mostly risks free in the sense that the loan has been granted ...
  • Feudalism
    Feudalism is a type of social, economic, political and legal system that is primarily ...
  • Correspondent Bank
    Correspondent Bank refers formal relationships which is established between an overseas ...
  • Fixed Capital
    Fixed Capital is real capital which is installed permanently in a specific location, including ...
  • Environmental Taxes
    Environmental Taxes are imposed on particular activities or products that are considered ...