# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Payments Union
An arrangement by two or more countries to pool their foreign exchange reserves, aiming to facilitate trade while reducing the total reserves held individually.
Payroll
A list of those employed by a given firm, or the amount paid to them.
Payroll Tax
An overview of payroll tax, its implications, and economic perspectives.
Peace Dividend
Resources made available for other purposes due to reductions in defense expenditure as a result of international peace.
Peak
The highest point in the business cycle signaling the transition from expansion to contraction.
Peak-Load Pricing
A pricing strategy where higher prices are charged during peak-demand periods to reflect the increased costs of providing capacity.
Pecuniary Externality
An externality that is felt through prices rather than quantities, accompanying phenomena like immigration affecting labor markets.
Pendulum Arbitration
An approach to arbitration where the arbitrator selects either one of the proposals without modification, designed to discourage unreasonable demands from both parties.
Pension
A comprehension of pensions as a form of regular income for retirees, provided by the state, former employers, or personal pension funds.
Pension Crisis
An analytical examination of a forecast deficit in pension systems primarily in developed countries due to demographic and social changes.
Pension Fund
An overview of pension funds, their function, governance, and influence in various economic frameworks