Legal Dictionary of Pakistan

Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.

Balanced economy

see economy.

Economy

1. The management or administration of the wealth and resources of a community (such as a city, state, or country). 2. The sociopolitical organization of a community's wealth and resources. 3. Restrained, thrifty, or sparing use of resources; efficiency.

balanced economy

An economy in which the monetary values of imports and exports are equal.

economy of scale

(usu. pl.) A decline in a product's per-unit production cost resulting from increased output, usu. due to increased production facilities; savings resulting from the greater efficiency of large-scale processes. e contra (ee kon-tray. [Latin] On the contrary.

judicial economy

See JUDICIAL ECONOMY.

judicial-economy exception

An exemption from the final judgment rule, by which a party may seek immediate appellate review of a nonfinal order if doing so might establish a final or nearly final disposition of the entire suit. See FINAL-JUDGMENT RULE. judicial estoppel See ESTOPPEL.

overheated economy

See ECONOMY.

political economy

See ECONOMY.