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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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.

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

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Marginal Cost
The additional cost incurred from an increase in an activity.
Marginal Cost of Abatement
An exploration of the marginal cost of abatement and its implications in economic theory and environmental regulation.
Marginal Cost Pricing
The policy of setting the price of a good or service equal to the marginal cost of producing it.
Marginal Effect
The effect of a small increase in A upon the value of B in economics.
Marginal Efficiency of Investment (MEI)
Understanding the concept of the marginal efficiency of investment (MEI), its historical context, major analytical frameworks, and practical applications.
Marginal Firm
A dictionary entry for the term 'marginal firm' in economics, detailing its definition, historical context, and analytical frameworks.
Marginal Private Benefit
The increase in private benefit resulting from a marginal increase in an activity, excluding any external effects.
Marginal Private Cost
The increase in private cost resulting from a marginal increase in an activity, excluding any external effects.
marginal product
The extra output that results from a small increase in an input, formally represented by the partial derivative of a production function with respect to the input's quantity.
Marginal Propensity to Consume
An economic metric that quantifies the change in consumption capacity resulting from a change in disposable income.
Marginal Propensity to Import
An economic measure indicating the portion of additional income that will be spent on imports.
Marginal Propensity to Save
An examination of the Marginal Propensity to Save (MPS), its definitions, frameworks, historical contexts, and case studies in economics.