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Definitions
Post Office Savings
Finance
Savings
Economics
A financial saving system provided by post offices, offering secure saving options for the public.
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Definitions
Posterior - Definition and Meaning
Economics
Bayesian Econometrics
Posterior
Bayesian Inference
The revised belief or distribution of a parameter in Bayesian econometrics obtained through Bayesian updating.
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Definitions
Potential Competition
Economics
Competition
Market Structure
Understanding potential competition and its implications in economics
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Definitions
Potential Output
Economics
Potential Output
Output Gap
NAIRU
A measure of the productive capacity of an economy considering stable inflation and the non-accelerating inflation rate of unemployment.
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Definitions
Pound
Currency
UK
Economics
Definition and meaning of the term 'Pound' in economics, including its uses and contexts.
Read more about Pound.
Definitions
Poverty
Poverty
Economics
Standard of Living
Inability to afford an adequate standard of consumption. Variations in definition over countries and time.
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Definitions
Poverty Line
Poverty
Economics
Income
Inequality
An income level supposed to be just enough to avoid less-than-adequate consumption.
Read more about Poverty Line.
Definitions
Poverty Reduction and Growth Facility
Poverty Reduction
IMF
Debt Relief
Economic Growth
Development Economics
A division within the International Monetary Fund focused on concessional lending and debt relief for the world's poorest countries.
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Definitions
Poverty Trap
Poverty
Economic Development
Inequality
A situation in which poverty outcomes reinforce themselves, acting as causes of poverty.
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Definitions
Power of a Test
Statistics
Economics
Data Analysis
Hypothesis Testing
In statistical inference, the probability that a test will reject the false null hypothesis.
Read more about Power of a Test.
Definitions
Pre-Commitment
Pre-Commitment
Commitment
Behavioral Economics
Economic Theory
Game Theory
An exploration of the concept of pre-commitment in economics and its various theoretical and practical implications.
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Definitions
Pre-tax profits
Economics
Finance
Taxation
The profits of a company or unincorporated business before deduction of relevant income or corporation taxes.
Read more about Pre-tax profits.
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Economics Terms Lexicon
Ultimate Dictionary of Economics and Beyond.
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