Appenix
  
  
  

Appendix 1: Symbols and clarification of certain nomenclature

It is normal in economic terminology to use specific letters and terms, which due to their repeated utilisation over time and in economics textbooks, have become familiar to readers. Since I have respected Bernácer’s original terminology, which is different than the traditional terms, I have clarified the meaning of the terms repeatedly to avoid confusion.

Traditional terminology:Bernacerian terminology
C: consumptionR: production income
I: investment

R: speculative income (as I will clarify in each case)

Y: incomeO: supply
Q: value of productiond: demand
PNNcf: net national product at the cost of factorsA: disposable funds
i: interestE: stock
D: demandK

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