Economics Terms Lexicon - Authoritative Dictionary and Knowledge Tests

About Economics Terms Lexicon

Welcome to EconomicsTermsLexicon.com! Our site offers a comprehensive and authoritative dictionary of economic terms, providing detailed definitions and explanations. Each dictionary entry references books, official publications, and government websites to ensure accuracy and reliability.

Features

📚 Comprehensive Content: Our lexicon covers a wide range of economic terms and concepts, thoroughly explained to help users understand even the most complex topics.

🔗 Authoritative References: Each entry includes references to authoritative books, official publications, and government sites, ensuring the information is reliable and accurate.

🧠 Knowledge Test Quizzes: Enhance your understanding with quizzes designed for each dictionary entry. Test your knowledge and track your progress seamlessly.

🌍 Global Relevance: While our focus is on providing detailed economic definitions, the referenced materials ensure global relevance and context.

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Definitions
Extensive Form
Game Theory Strategies Decision Nodes Information Sets Pay-Offs
A comprehensive entry defining the extensive form in game theory, including its meaning and application.
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Definitions
Clean Air Act
Environmental Policy Air Quality EPA Pollution Control
A legislation setting standards for atmospheric pollution in the United States, requiring the EPA to establish air quality standards and emission control guidelines.
Read more about Clean Air Act.
Definitions
IOU
IOU Economic Terms Debts Finance
An unsecured promise to pay; it stands for ‘I owe you’.
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Definitions
Farm Subsidies
Economics Farm Subsidies Agriculture Policy
An overview of farm subsidies, their purposes, forms, and implications.
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Definitions
Mutual Fund
Mutual Fund Unit Trusts Investments Financial Instruments
A financial institution which holds shares on behalf of investors, primarily in the form of unit trusts.
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Definitions
Prospect Theory
Economics Choice Theory Decision-Making Risk
A theory of choice under risk highlighting psychological factors influencing decisions.
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Definitions
Total Final Expenditure
Economics Expenditure GDP Public Finance International Trade
Comprehensive overview of the term 'Total Final Expenditure' in economics, its definition, historical context, conceptual background, and more.
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Definitions
Turnover
Economics Market Sales
The value of total sales of goods and services by any organization during a given period, or the total value of transactions in a given market.
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Definitions
Antitrust
Antitrust Competition Monopoly Policy
Antitrust refers to US policies aimed at restricting monopoly and promoting competition, with key enforcement by the Antitrust Division of the Department of Justice and the Federal Trade Commission.
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Definitions
Player
Economics Game Theory Strategy Player
The term 'player' in economics refers to any participant in a strategic situation being modeled, particularly within the context of game theory.
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Definitions
Voting - Definition and Meaning
Voting Decision-Making Economics Group Choices Collective Action
A detailed exploration of voting as a method of group decision-making, its mechanisms, and comparative aspects across economic thought.
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Definitions
Workfare
Economic Policy Welfare Economics Social Welfare
Workfare - A system making income support for the unemployed conditional on their performing some form of work for which they are suitable.
Read more about Workfare.

Economics Terms Lexicon

Ultimate Dictionary of Economics and Beyond.