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Definitions
Visible Trade
Visible Trade
International Trade
Economics
A comprehensive insight into the concept of visible trade within economics.
Read more about Visible Trade.
Definitions
Wage Flexibility
Wage Flexibility
Labor Market
Economics
An economics term that denotes the ability of wages to adjust in response to changes in labor market conditions or economic circumstances.
Read more about Wage Flexibility.
Definitions
Washington Consensus
Washington Consensus
Economic Policy
IMF
World Bank
Economic Reforms
A comprehensive guide to the Washington Consensus, its origins, principles, and impact on economic policies in less-developed countries.
Read more about Washington Consensus.
Definitions
Windfall Gain
Economics
Income
Taxation
An unexpected increase in personal or corporate income, often considered for non-distortionary taxation.
Read more about Windfall Gain.
Definitions
Congestion - Definition and Meaning
Congestion
Public Goods
Externality
Economics
An economic phenomenon where excessive use of an impure public good reduces its benefit to all users.
Read more about Congestion - Definition and Meaning.
Definitions
Consumption Tax
Economics
Taxation
Public Finance
A tax imposed on expenditure rather than income; often known as expenditure tax.
Read more about Consumption Tax.
Definitions
Council of Economic Advisers
Economic Policy
Government
Advisory Bodies
A US body of three academics appointed to advise the President on the state of the economy and assist in economic policy formulation.
Read more about Council of Economic Advisers.
Definitions
Discretionary Spending
Discretionary Spending
Public Finance
Government Expenditure
An examination of discretionary spending and its role in economic policy, contrasting with mandatory spending.
Read more about Discretionary Spending.
Definitions
Economic Boom
Economics
Economic Cycle
Business Cycle
An overview of a boom characterized by heightened economic activity, low unemployment, and rising prices.
Read more about Economic Boom.
Definitions
Equity Withdrawal
Equity
Mortgage
Economics
Financial Planning
Capital Raising
Overview of equity withdrawal, its significance, applications, and implications in economic analysis.
Read more about Equity Withdrawal.
Definitions
Expenditure Tax
Taxation
Economic Policy
Consumption Tax
A tax levied on the value of expenditure and also known as a consumption tax. It is seen as an alternative to income tax for personal taxation.
Read more about Expenditure Tax.
Definitions
Export Credit
International Trade
Credit
Export Financing
OECD
The system of selling exports on credit rather than for cash payment.
Read more about Export Credit.
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Economics Terms Lexicon
Ultimate Dictionary of Economics and Beyond.
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