Economics Terms Lexicon - Authoritative Dictionary and Knowledge Tests

About Economics Terms Lexicon

Welcome to EconomicsTermsLexicon.com! Our site offers a comprehensive and authoritative dictionary of economic terms, providing detailed definitions and explanations. Each dictionary entry references books, official publications, and government websites to ensure accuracy and reliability.

Features

๐Ÿ“š Comprehensive Content: Our lexicon covers a wide range of economic terms and concepts, thoroughly explained to help users understand even the most complex topics.

๐Ÿ”— Authoritative References: Each entry includes references to authoritative books, official publications, and government sites, ensuring the information is reliable and accurate.

๐Ÿง  Knowledge Test Quizzes: Enhance your understanding with quizzes designed for each dictionary entry. Test your knowledge and track your progress seamlessly.

๐ŸŒ Global Relevance: While our focus is on providing detailed economic definitions, the referenced materials ensure global relevance and context.

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  • Educational Resource: Ideal for students, educators, and professionals seeking to deepen their knowledge of economics.

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Stay updated with the latest additions to our lexicon and expand your economic knowledge. Whether youโ€™re preparing for exams, writing research papers, or pursuing professional development, EconomicsTermsLexicon.com is your go-to resource for all things economics.


Labour Hoarding
Retention of excess workers by a business during a downturn in expectation of future output recovery.
Lorenz Curve
A graphical representation of inequality in income distribution within a country or region.
Monetary System
The system by which an economy is provided with money, ensuring financial stability and economic growth.
Monetary Union
An overview of the economic term 'monetary union', including meaning, history, and key concepts.
Net Economic Welfare
A broader measure of economic welfare incorporating multiple aspects beyond income per head.
Occupational Pension
A comprehensive guide to understanding occupational pensions, their types, funding mechanisms, and historical significance.
Personal Equity Plan (PEP)
A UK system, established in 1986, allowing tax-free investments in shares and unit trusts.
Private Cost
The cost incurred by individuals or firms to provide goods or services, excluding external harms unless legally obligated.
Range - Definition and Meaning
An examination of 'range' as an economic term including its background, historical context, and major frameworks.
Real Terms
A comprehensive overview of the concept of 'real terms' in economic analysis, focusing on how it helps to remove or minimize the effects of nominal changes like price variations.
Rust Belt
The area of the US from Pittsburgh to St Louis characterized by declining heavy industries, high obsolescence, and population loss.