Economics. Dr. Pass Christopher

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СКАЧАТЬ data on populations is compiled from CENSUSES of population and records of births, See DEMOGRAPHIC TRANSITION.

      Department for Education and Skills (DfES) the UK government department responsible for administering the government’s general educational programmes, including schools, colleges and universities, and vocational training schemes. The Department for Education and Skills replaced part of the former Department for Education and Employment in 2001. The emphasis in education is one of providing young people with a basic general education through schools, followed by further education opportunities at colleges and universities, with a commitment thereafter to ‘lifetime learning’ so as to equip people with the necessary basic and vocational skills to be able to adapt to the changing needs of the workplace. This is augmented by more specialized vocational schemes to match up people’s educational capabilities with the practical requirements of specific work tasks through ‘on-the-job-training’ (see TRAINING) and the provision of courses designed to teach people new skills (e.g. computer programming courses). See LEARNING AND SKILLS COUNCIL.

      Department for International Development (DFID) the UK government department responsible for administering the government’s policies of promoting sustainable development and reducing poverty in DEVELOPING COUNTRIES. The DFID itself provides ECONOMIC AID and works with various multilateral institutions such as the WORLD BANK and the United Nations to provide financial and technical aid to poor countries.

      Department for the Environment, Food and Rural Affairs (DEFRA) the UK body responsible for government policies on agriculture, horticulture, fisheries and the food chain; POLLUTION issues relating to waste and recycling; the enhancement and protection of the countryside, waterways and flood defence, hunting, and rural development issues. See ENVIRONMENT AGENCY.

      Department for Transport the UK government department responsible for administering government policies relating to the roads, railways, aviation and shipping.

      Department for Work and Pensions (DWP) the UK government department responsible for administering the government’s employment and social security programmes. The DWP was formed in 2001 from parts of the former Department of Social Security and Department for Education and Employment and the Employment Service.

      The department assists UNEMPLOYED people of working age into employment, helps employers to fill VACANCIES and provides financial support to persons unable to help themselves through ‘back-to-work’ programmes.

      The DWP also administers the SOCIAL SECURITY BENEFITS system, paying state pensions, sickness benefit, child support and the JOBSEEKERS ALLOWANCE.

      In 2002 the former Benefits Agency and the Employment Service were replaced by the JOBCENTRE PLUS network (responsible for helping people to find jobs and paying benefits to people of working age) and the Pension Service (responsible for paying state pensions).

      Regarding employment, a particular concern of the Department is to instil in people a culture of employment as being the norm but at the same time playing down the negative aspects of unemployment. This more positive approach is reflected in the work of the DWP’s agency Jobcentre Plus and its nationwide network of JOB CENTRES, the introduction of the jobseekers allowance as a replacement for unemployment benefit and the NEW DEAL programme aimed at reducing youth unemployment and long-term unemployment amongst older workers.

      The DWP is also responsible for conducting the fact-finding LABOUR FORCE SURVEY, which provides data on conditions in the labour market, for overseeing the application of the UK’s EMPLOYMENT LAWS, and for implementing employee rights’ regulations issued by the European Union (see, for example, the WORKING TIME REGULATION).

      Department of Health (DoH) the UK government department responsible for administering the National Health Service.

      Department of Social Security see DEPARTMENT FOR WORK AND PENSIONS.

      department store a large RETAIL OUTLET. Department stores may be under single-shop ownership or run as a multiple CHAIN STORE business. Unlike most other retailers, who tend to specialize in relatively narrow ranges of products, the essential characteristic of a department store is the great variety of products it stocks: ‘everything under one roof’. See RETAILER, DISTRIBUTION CHANNEL.

      Department of Trade and Industry (DTI) the UK government office that is primarily responsible for implementing and administering the government’s industrial and trade policies. A particular concern at the DTI is the promotion of greater efficiency through an INDUSTRIAL POLICY programme that includes support for new business start-ups, consultancy services for small firms, research and development, and technology transfer. In the past, the DTI has been required by governments to involve itself in the rationalization of declining industries and support for ‘failing’ firms, but at the present time the emphasis is very much on fostering greater ‘enterprise’ by business itself with a minimum of direct state intervention. See SMALL BUSINESS SERVICE, BUSINESS LINK.

      The DTI is responsible for the operation of REGIONAL POLICY, vetting applications for regional selective assistance by firms investing in ASSISTED AREAS. The DTI works closely with the OFFICE OF FAIR TRADING in matters affecting COMPETITION POLICY; the DTI regulates the formation of companies and their conduct, through the COMPANY REGISTRAR, and is responsible for issuing licences to deposit-taking institutions and authorizing dealers in stocks and shares, etc. (see FINANCIAL SERVICES ACT 1986). Finally, the DTI plays a prominent part in the running of the UK’s overseas trade and investment affairs, representing the country’s interests at international (WORLD TRADE ORGANIZATION) and regional levels (EUROPEAN UNION). The DTI is important in the promotion of exports and foreign investment through the TRADE PARTNERS network and related back-up facilities and services including the EXPORT CREDIT GUARANTEE DEPARTMENT.

      dependent variable a variable that is affected by some other variable in a model. For example, the demand for a product (the dependent variable) will be influenced by its price (the INDEPENDENT VARIABLE). It is conventional to place the dependent variable on the left-hand side of an EQUATION. See DEMAND FUNCTION, SUPPLY FUNCTION.

      deposit account or time account or savings account an individual’s or company’s account at a COMMERCIAL BANK into which the customer can deposit cash or cheques and from which he or she can draw out money subject to giving notice to the bank. Deposit accounts (unlike CURRENT ACCOUNTS, which are used to finance day-to-day transactions) are mainly held as a form of personal and corporate SAVING and used to finance irregular ‘one-off’ payments. INTEREST is payable on deposit accounts, normally at rates above those paid on current accounts, in order to encourage clients to deposit money for longer periods of time. Unlike with a current account, cheques cannot generally be drawn against deposit accounts. See BANK DEPOSIT.

      Fig. 43 Depreciation. (a) A depreciation of the pound against the dollar. (b)The effect of depreciation on export and import prices.

       depreciation

      1 a fall in the value of a CURRENCY against other currencies under a FLOATING EXCHANGE-RATE SYSTEM, as shown in Fig. 43 (a). A depreciation of a currency’s value makes IMPORTS (in the local currency) more expensive and EXPORTS (in the local currency) cheaper, thereby СКАЧАТЬ