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

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Definitions
Information Agreement
Economic Terms Information Agreement Trade Practices Collusion
An agreement by firms to share information on prices, discounts, and conditions of sale.
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Definitions
Information Asymmetry
Economics Market Failure Information Asymmetry
Information asymmetry occurs when one party in a transaction has more or better information than the other party.
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Definitions
Information Criterion
Model Selection Statistical Analysis Econometrics Information Criterion
A method for model selection that incorporates likelihood function and penalizes the complexity of the model. Notable examples are Akaike Information Criterion (AIC) and Bayes-Schwarz Information Criterion (BIC).
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Definitions
Infrastructure - Definition and Meaning
Infrastructure Capital Equipment Economic Development Public Services
Detailed entry for the term 'infrastructure' within economic contexts, discussing its definition, historical context, and surrounding concepts.
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Definitions
Inheritance Tax
Inheritance Tax Death Tax Estate Tax Taxation Public Finance
A tax on amounts inherited by particular heirs, with varying rates depending on the relationship with the deceased and the amount received.
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Definitions
Initial Conditions
Economic Theory Dynamic Systems Initial Conditions Chaos Theory
The initial state or parameters from which a dynamic economic system begins its analysis; essential in determining subsequent path and equilibrium.
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Definitions
Initial Public Offering (IPO)
Initial Public Offering IPO Public Trading Stock Market Investment Banking
The first sale of stock by a private company to the public, marking the transition from private ownership to public trading.
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Definitions
Injections to the Circular Flow of Income
Economics Circular Flow Income Injections
Injections to the circular flow of income refer to forms of spending that do not originate from current income such as investment spending by firms, government expenditure, and export sales to foreigners.
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Definitions
Inland Revenue
Public Finance Taxation HMRC Inland Revenue
Understanding Inland Revenue and its evolution into HM Revenue and Customs
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Definitions
Inlier
Economics Data Analysis Statistics Inliers Outliers
An observation in a data set that lies within the interior of a distribution but is in error
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Definitions
Innocent Entry Barriers
Economics Entry Barriers Industry Market Structure
Barriers to entry in an industry resulting from natural, technical, or social conditions, not deliberately designed to restrict entry.
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Definitions
Innovation - Definition and Meaning
Economics Innovation Business
Exploring the economic application of new ideas, including product, process, and business organization innovations.
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Economics Terms Lexicon

Ultimate Dictionary of Economics and Beyond.