# 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

Position
Understanding the various types of positions in financial markets, including long, open, and short positions
Positional Good
A good whose value to consumers depends on its desirability ranking or relative consumption by others.
Positive Economics
A branch of economics that describes and explains economic processes and predicts the outcomes of institutional or policy changes, without making value judgements.
Post Office Savings
A financial saving system provided by post offices, offering secure saving options for the public.
Posterior - Definition and Meaning
The revised belief or distribution of a parameter in Bayesian econometrics obtained through Bayesian updating.
Potential Competition
Understanding potential competition and its implications in economics
Potential Output
A measure of the productive capacity of an economy considering stable inflation and the non-accelerating inflation rate of unemployment.
Pound
Definition and meaning of the term 'Pound' in economics, including its uses and contexts.
Poverty
Inability to afford an adequate standard of consumption. Variations in definition over countries and time.
Poverty Line
An income level supposed to be just enough to avoid less-than-adequate consumption.
Poverty Reduction and Growth Facility
A division within the International Monetary Fund focused on concessional lending and debt relief for the world's poorest countries.
Poverty Trap
A situation in which poverty outcomes reinforce themselves, acting as causes of poverty.