Economic Union
An international agreement for a common market and harmonization of certain economic policies.
Economically Active Population
The number of people during a specified time period who supply labour for the production of goods and services.
Economies of Scale
The factors which make it possible for larger organizations or countries to produce goods or services more cheaply than smaller ones.
Economies of Scope
The benefits and cost savings that arise from engaging in related activities within a business.
economy
The system of activity connected with the production, trade, and consumption of goods and services of a region, country, or area.
Edgeworth Box
A graphical device for depicting resource allocation in a two-consumer, two-good economy.
Effective Demand
An economic concept representing the planned expenditure by people who have the means to pay.
Effective Exchange Rate
A country's exchange rate calculated as a weighted average of its bilateral nominal exchange rates against other currencies.
Effective Protection
A detailed examination of the concept of effective protection in economics, its definition, historical context, and analytical frameworks.
Efficiency
An overview of the concept of efficiency in economics, its types, implications, and associated frameworks.
Efficiency Audit
An examination process assessing organizational efficiency, implemented either internally for profitability improvement or externally by regulatory bodies.