model A representation of an object or of the connection among abstract ideas; typically, a smaller version of the original. Related Related Articles: The Surprising Minimum Wage Impact at McDonald’sWhy Car Colors MatterWhat Your Car Says About You and Your NeighborhoodHow the Pandemic Changed Our Impulse BuyingWhy Federal Spending Is Tough to Predict for Entitlement Programs Ann Mills Share This Previous ArticleM1 Next Articleopen market operations December 17, 2020