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Definitions
Par Value
Finance
Valuation
Securities
The stated or face value of a financial security.
Read more about Par Value.
Definitions
Peril Point
Tariffs
Economics
Trade Policy
Domestic Industry
A point below which any further reduction in a tariff would cause serious damage to a domestic industry.
Read more about Peril Point.
Definitions
Peso Problem
Economics
Inflation
Interest Rates
Market Expectations
The tendency in countries with a history of high inflation for interest rates to remain higher than abroad
Read more about Peso Problem.
Definitions
Product Liability
Product Liability
Economics
Law
Consumer Protection
Understanding the concept of product liability, its implications, and its applications in economics and law.
Read more about Product Liability.
Definitions
Progressive Tax
Progressive Tax
Taxation
Economics
Public Finance
An overview of the progressive tax system where the tax burden rises more than proportionate to the income or ability to pay.
Read more about Progressive Tax.
Definitions
Property Company
Real Estate
Economics
Property Management
A company whose principal activity is owning and developing property.
Read more about Property Company.
Definitions
Public Expenditure Survey Committee
Public Expenditure
UK Government
Economic Policy
A UK government interdepartmental committee that reviewed expenditure plans, ceasing operation in 1984.
Read more about Public Expenditure Survey Committee.
Definitions
R-squared
R-Squared
Coefficient of Determination
Statistics
Econometrics
Detailed exploration of R-squared, also known as the coefficient of determination
Read more about R-squared.
Definitions
Rational Ignorance
Economics
Information Theory
Decision-Making
An optimal choice to not acquire information when the benefit of using the information is expected to be less than the cost of obtaining it.
Read more about Rational Ignorance.
Definitions
Real Income
Economics
Income
Inflation
Real income refers to income of an individual or group after taking into consideration the effects of inflation on purchasing power.
Read more about Real Income.
Definitions
Real Wage Resistance
Real Wage Resistance
Wages
Trade Unions
Employment Economics
Inflation
Difficulty in reducing real wages due to opposition of trade unions and employer reluctance.
Read more about Real Wage Resistance.
Definitions
Relationship Banking
Banking
Financial Services
Customer Relations
An in-depth look at the concept and practice of relationship banking in the economics and financial sector.
Read more about Relationship Banking.
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Economics Terms Lexicon
Ultimate Dictionary of Economics and Beyond.
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