Local Authority Housing
State-financed housing for rent, provided in the UK through local authorities.
Local Content - Definition and Meaning
A comprehensive look at the concept of local content in economics, its implications, and applications in trade and investment policies.
Local Government
An exploration of the structure, function, and characteristics of local government entities.
Local Public Good
A comprehensive overview of the economic concept 'local public good' within the context of various economic frameworks.
Location
The geographical position of a firm’s premises or the marketing position of its product.
Location-Scale Family of Distributions
Definition and meaning of the location-scale family of distributions, exploring its foundational concepts and applications in various economic frameworks.
Lock-Out
An industrial action by employers, where workers are excluded from their workplace and pay without being dismissed.
Locomotive Principle
The principle describing how growth in leading sectors or countries can drive wider economic expansion.
Log-Linear Function
A function in which the logarithm of the dependent variable is linear in the logarithm of its argument.
Log-Normal Distribution
A specialized probability distribution of a random variable such that its logarithm is normally distributed, typically resulting from multiplicative effects.
Logarithmic Scale
A detailed exploration of the logarithmic scale, its uses, and meanings in economic analysis.