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Definitions
Necessity
Necessity
Economics
Income Elasticity of Demand
Engel Curve
Luxury
Definition and significance of necessity in economics.
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Definitions
Negative Equity
Negative Equity
Mortgage
Housing Market
A situation where the value of an asset is less than the amount of debt secured by a mortgage on it.
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Definitions
Negative Income Tax
Taxation
Welfare Economics
Social Policy
A proposal to combine income tax payments and social security benefits into a single system.
Read more about Negative Income Tax.
Definitions
Negative Interest Rate
Monetary Policy
Central Banking
Macroeconomics
A charge levied by a central bank on deposits by commercial banks intended to prevent currency appreciation or to counter low inflation or deflation.
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Definitions
Neoclassical Economics
Economics
Neoclassical Economics
Rational Preferences
Utility Maximization
Profit Maximization
An analysis of economic activity based on rational preferences, utility maximization by consumers, profit maximization by firms, and decision-making under constraints.
Read more about Neoclassical Economics.
Definitions
Neoclassical Synthesis
Neoclassical Synthesis
Economics
Microeconomics
Macroeconomics
John Hicks
Paul Samuelson
An integration of neoclassical microeconomics and Keynesian macroeconomics.
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Definitions
Nested Models
Econometrics
Modeling
Statistics
Definition and meaning of nested models in econometrics
Read more about Nested Models.
Definitions
Net - Definition and Meaning
Net
Economics
Net Investment
Net National Product
Net Exports
Net Assets
Net Price
Net Weight
Comprehensive overview of the economic term 'net,' its various contexts, and implications.
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Definitions
Net Book Agreement
Publishing Economics
Resale Price Maintenance
Competition Policy
An agreement in the UK that allowed publishers to fix the retail prices of their books.
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Definitions
Net Capital Formation
Capital Formation
Investment
Economics
Net Investment
Comprehensive overview and analysis of net capital formation in economics.
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Definitions
Net Domestic Product
Economics
GDP
Net Domestic Product
NDP
An overview of Net Domestic Product, its definition, historical context, and its implications in various economic frameworks.
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Definitions
Net Foreign Assets
Economic Terms
International Finance
Net Foreign Assets
An economic term denoting the difference between a nation's assets held abroad and foreign assets held within the nation.
Read more about Net Foreign Assets.
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Economics Terms Lexicon
Ultimate Dictionary of Economics and Beyond.
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