# 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

Power of a Test
In statistical inference, the probability that a test will reject the false null hypothesis.
Pre-Commitment
An exploration of the concept of pre-commitment in economics and its various theoretical and practical implications.
Pre-tax profits
The profits of a company or unincorporated business before deduction of relevant income or corporation taxes.
Prebisch Thesis
A claim that the terms of trade between primary products and manufactured goods deteriorate over time, suggesting that countries exporting primary commodities should establish manufacturing industry to counteract adverse effects.
Precautionary Motive
The motive to hold money to provide for the unexpected. See also demand for money.
Predatory Pricing
An economic strategy where pricing is set very low to eliminate competition or deter market entry.
Predetermined Variable - Definition and Meaning
An entry defining the concept of a predetermined variable in econometric models, its significance, and its use in solving the endogeneity problem.
predictor
An estimator of the value of the dependent variable given by the estimated regression equation
Preference Revelation
A detailed overview of the economic concept of preference revelation and its implications.
Preference Share
A company share which carries no vote, but ranks before ordinary shares for dividends.
Preferences
A detailed exploration of preferences in the context of economics, including different schools of thought and related terms.
Premium
The price paid for an insurance policy, which may be monthly, annual, or a lump-sum payment.