Self-correcting

What is Self-correcting?


1.

*adj*; the tendency of some systems to return to normal conditions after a disruption. For example, a spinning gyroscope will return to its original inclination if you push it away. The term is usually applied to theories about how the economy works.

Economists traditionally describe market economies as self-correcting. However, when depressions or recessions strike, they are usually obligated to help the process along.

See economics, classical economics


0

Random Words:

1. The word ronstipate comes from the far west of America, aka Los Angeles, California. Its usage has wormed its way from narrow sidelines ..
1. An Internet Forum (aka Message Board) maneuver designed to prevent other users from easily searching ones past posts. This maneuver cons..
1. Adjective. A very cool little toddler or baby. That boy is a rusteeze, he wears nice t-shirts and cool glasses. See baby, toddler, coo..