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.

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đź“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.

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Definitions
Golden Handshake
Golden Handshake Executive Compensation Severance Package
A provision in an executive's contract giving entitlement to a large bonus on leaving a firm's employment.
Read more about Golden Handshake.
Definitions
Golden Rule
Economics Capital Consumption Population Growth
A conceptual framework in economic theory for the relationship between the capital–labour ratio and population growth rate aimed at maximizing consumption per capita.
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Definitions
Goldfeld–Quandt Test
Economics Econometrics Heteroscedasticity Statistic Test
A test for heteroscedasticity applicable when observations can be ordered according to non-decreasing variance.
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Definitions
Goodhart’s Law
Goodhart’s Law Economic Policy Econometrics Lucas Critique
The observation by economist C. Goodhart that when a metric is used as a target for policy, it ceases to be a good measure.
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Definitions
Goodness of Fit Measures
Economics Statistics Regression Analysis
Measures of adequacy of the estimated regression model, such as the coefficient of determination and the information criterion.
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Definitions
Goodwill
Goodwill Intangible Assets Business Valuation
An exploration of goodwill, its definition, contextual implications, and importance in business and economics.
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Definitions
Gosplan
Soviet Union Central Planning Five-Year Plan Economics State Planning
The central planning agency of the former Soviet Union responsible for creating and auditing economic plans.
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Definitions
Government Accountability Office (GAO)
Government Accountability Office GAO U.S. Government Fiscal Accountability Legal Compliance
An independent, non-partisan U.S. agency responsible to Congress for ensuring that funds voted by Congress are spent as prescribed by law.
Read more about Government Accountability Office (GAO).
Definitions
Government Debt
Government Debt Economics Public Finance Fiscal Policy
An in-depth examination of government debt, its definitions, implications, and analytical frameworks.
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Definitions
government expenditure
Government Expenditure Public Finance Fiscal Policy Economic Policy
An overview of government expenditure, its components, and analytical frameworks
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Definitions
Government Failure
Government Failure Market Failure Economic Policy Pareto Efficiency
Government failure occurs when government intervention in the economy either does not lead to a Pareto efficient outcome or worsens the situation.
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Definitions
Government National Mortgage Association (GNMA)
Government National Mortgage Association Ginnie Mae Mortgage Finance Housing
An overview of the Government National Mortgage Association, commonly known as 'Ginnie Mae', its operations, and relevance in U.S. housing finance.
Read more about Government National Mortgage Association (GNMA).

Economics Terms Lexicon

Ultimate Dictionary of Economics and Beyond.