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Definitions
Participation Rate
Economics
Labor Market
Participation Rate
The percentage of the population in any given age group who are economically active.
Read more about Participation Rate.
Definitions
Partnership: Definition and Meaning
Economics
Partnership
Business Structure
An in-depth look at a business structure where more than one owner operates a business, with shared responsibilities and liabilities.
Read more about Partnership: Definition and Meaning.
Definitions
Patent
Patent
Intellectual Property
Innovation
A legal device to encourage and reward invention by giving exclusive rights to inventors.
Read more about Patent.
Definitions
Paternalism
Economics
Paternalism
Behavioral Economics
Policy
An attitude or policy approach favoring control over people's actions for their perceived good.
Read more about Paternalism.
Definitions
Path Dependence
Path Dependence
Economics
Economic Theory
Equilibrium
Explanation of path dependence in economic processes and its implications.
Read more about Path Dependence.
Definitions
Pay As You Earn (PAYE)
Taxation
UK Economy
Income Tax
Public Finance
An overview of the UK system for collecting income tax and National Insurance at the source through employers.
Read more about Pay As You Earn (PAYE).
Definitions
Pay Freeze
Economics
Labor Economics
Income Policy
An in-depth analysis of the concept of pay freeze, applications in various economic frameworks, historical context, and case studies.
Read more about Pay Freeze.
Definitions
Pay-As-You-Go Pension
Pension
Pay-as-You-Go
Economic Systems
An overview of the pay-as-you-go pension system where current pensions are funded by current contributors.
Read more about Pay-As-You-Go Pension.
Definitions
Pay-back Period
Investment
Capital Budgeting
Corporate Finance
The time period firms require to earn the cost of new equipment in profits for investment purposes, not always an economically rational investment criterion.
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Definitions
Pay-Off Matrix
Game Theory
Economics
Strategic Interaction
A comprehensive look at the concept of pay-off matrix in game theory.
Read more about Pay-Off Matrix.
Definitions
PAYE - Pay As You Earn
Taxation
Income Tax
PAYE
PAYE (Pay As You Earn) - A taxation system where income tax is deducted directly from a person's earnings or salary.
Read more about PAYE - Pay As You Earn.
Definitions
Payments in Kind
Payments in Kind
Employee Compensation
Welfare Economics
Fringe Benefits
Payment of employees in goods or services rather than money
Read more about Payments in Kind.
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Economics Terms Lexicon
Ultimate Dictionary of Economics and Beyond.
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