A nominal income target is a monetary policy target.Such targets are adopted by central banks to manage national economic activity. Nominal aggregates are not adjusted for inflation.Nominal income aggregates that can serve as targets include nominal gross domestic product (NGDP) and nominal gross domestic income (GDI). Central banks use a variety of techniques to hit their …

Seigniorage / ˈ s eɪ n j ər ɪ dʒ /, also spelled seignorage or seigneurage (from the Old French seigneuriage, "right of the lord (seigneur) to mint money"), is the difference between the value of money and the cost to produce and distribute it.The term can be applied in two ways: Seigniorage derived from specie (metal coins) is a tax added to the total cost of a coin (metal content and ...

Economics is the social science which studies economic activity: how people make choices to get what they want.It has been defined as "the study of scarcity and choice" and is basically about the choices people make. It also studies what affects the production, distribution and consumption of goods and services in an economy.. Investment and income relate to economics.