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
๐ Comprehensive Content: Our lexicon covers a wide range of economic terms and concepts, thoroughly explained to help users understand even the most complex topics.
๐ Authoritative References: Each entry includes references to authoritative books, official publications, and government sites, ensuring the information is reliable and accurate.
๐ง Knowledge Test Quizzes: Enhance your understanding with quizzes designed for each dictionary entry. Test your knowledge and track your progress seamlessly.
๐ 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 youโre preparing for exams, writing research papers, or pursuing professional development, EconomicsTermsLexicon.com is your go-to resource for all things economics.
A temporary additional tax on imports imposed to address balance-of-payments problems.
A detailed look at import tariffs, their definition, meaning, and economic implications.
Goods of types which could be imported, whether or not they actually are.
Examining the phenomenon of imported inflation and its impact on domestic price levels.
An exploration of the concept of imports, including visible and invisible imports and their economic significance.
A system of corporation tax used in the UK from 1972 until 1999.
An estimate of capital consumption in respect of government assets such as offices, schools, or hospitals which are not run as profit-making businesses.
An explanation of the economic concept of imputed income, where value is attributed to non-cash benefits from the use of owned assets.
Redistribution that takes the form of goods or services rather than cash to ensure consumption of intended items.
A mechanism is incentive compatible if it provides an incentive for economic agents to truthfully reveal private information.
A contract that incorporates incentives designed to induce desired behaviour.
Explanation of incentives as economic tools used to influence actions of economic agents through rewards or penalties.