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Definitions
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Definitions
Partial Equilibrium
Partial Equilibrium
Economic Analysis
Supply and Demand
An analysis focusing on a specific part of the economy while ignoring the effects on the rest of the economy
Read more about Partial Equilibrium.
Definitions
Pension Insurance Contract
Pension
Insurance
Economics
Retirement
Investment
A comprehensive overview of pension insurance contracts, their definition, concepts, and contextual applications.
Read more about Pension Insurance Contract.
Definitions
Perfect Foresight
Perfect Foresight
Rational Expectations
Uncertainty
Prediction
The ability to predict future events correctly, assuming no uncertainty.
Read more about Perfect Foresight.
Definitions
Performance-Related Pay
Labor Economics
Incentive Systems
Compensation Strategies
A comprehensive overview of performance-related pay, its historical context, analytical frameworks, and implications in economics.
Read more about Performance-Related Pay.
Definitions
Perquisites
Economics
Labor Economics
Compensation
Perquisites: Payments in kind attached to jobs, such as company cars and medical insurance.
Read more about Perquisites.
Definitions
Personal Income Distribution
Economics
Income Distribution
Inequality
Taxation
The distribution of income across individuals, measured before or after taxes and transfers, and distinct from functional income distribution.
Read more about Personal Income Distribution.
Definitions
Portable Pension
Portable Pension
Occupational Pension
Retirement Benefits
A detailed overview of a pension system that retains pension rights across different employers.
Read more about Portable Pension.
Definitions
Price–Wage Spiral
Economics
Inflation
Wages
Prices
An economic concept where rising wages lead to higher prices, and higher prices lead to further wage increases.
Read more about Price–Wage Spiral.
Definitions
Procurement
Procurement
Economics
Government Spending
Policy
Corruption
Government purchase of goods and services, focusing on inefficiency, corruption, and protectionism.
Read more about Procurement.
Definitions
Production Externality
Economics
Externalities
Production
An external effect of production that impacts others who are not directly involved in the production process.
Read more about Production Externality.
Definitions
Profit Maximization
Economics
Business
Profit
The act of making as much profit as possible for a business, a key assumption in economic theory.
Read more about Profit Maximization.
Definitions
Profit-Sharing Arrangement
Economics
Finance
Business
A formal agreement between parties on the distribution of profit from a business venture.
Read more about Profit-Sharing Arrangement.
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Economics Terms Lexicon
Ultimate Dictionary of Economics and Beyond.
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