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recognition lag (E6)<br />The length of time elapsing before an economic decision-maker is aware of a change in economic circumstances. This can occur because economic statistics take time to collect and are published less frequently than a decision-maker needs.<br /><em>See also:</em> implementation lag
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job evaluation (J2)<br />A hierarchical ordering of a set of jobs according to their characteristics or content.
self-insurance (GO)<br />The absorption of unusual losses by an organization itself, without resort to insurance companies and markets. Many governmental organizations follow this principle.
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bilateral monopoly (Ll)<br />A market consisting of a MONOPOLIST and a
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