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
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.
đź”— Authoritative References: Each entry includes references to authoritative books, official publications, and government sites, ensuring the information is reliable and accurate.
🧠Knowledge Test Quizzes: Enhance your understanding with quizzes designed for each dictionary entry. Test your knowledge and track your progress seamlessly.
🌍 Global Relevance: While our focus is on providing detailed economic definitions, the referenced materials ensure global relevance and context.
Why Choose Economics Terms Lexicon?
- Accuracy and Reliability: With references to official publications and government sites, you can trust the information provided.
- Interactive Learning: Our quizzes offer an engaging way to reinforce your learning and test your understanding of each term.
- Educational Resource: Ideal for students, educators, and professionals seeking to deepen their knowledge of economics.
Stay updated with the latest additions to our lexicon and expand your economic knowledge. Whether you’re preparing for exams, writing research papers, or pursuing professional development, EconomicsTermsLexicon.com is your go-to resource for all things economics.
A merger between firms at the same stage of production
A takeover bid opposed by a company's directors due to various reasons including belief in better off independently or seeking a higher offer.
Money in bank balances or liquid securities which is liable to rapid removal to other countries if the holders suspect that the currency will depreciate.
Understanding Hotelling's Law, the Law of Minimal Differentiation, and its applications in economics.
The number of hours per day or per week that a worker is contracted to perform
A group of people living together with common domestic expenses, often deciding on consumption expenditure as a unit.
An in-depth economic analysis of household decision-making models, focusing on consumption, labor supply, and the cooperative versus non-cooperative dynamics within households.
Understanding the concept of household production, its significance, and how it is accounted for in different economic systems.
A detailed overview of housing associations, their role in providing low-cost housing, and their financial structuring.
Assistance under the UK social security system for low-income households to cover rented accommodation costs
The stock of knowledge, skills, and abilities that determine the labor productivity of an individual.
A comprehensive measure of a country's development factoring in health, education, and living standards, introduced by the United Nations Development Programme.