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.

Join Our Learning Community

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.


Marginal Rate of Substitution (MRS)
The additional amount of one good required to compensate a consumer for a small decrease in the quantity of another, per unit of the decrease.
Marginal Rate of Transformation
An exploration of the concept of the marginal rate of transformation in economics which signifies the amount by which one output can be increased if another is reduced, holding total inputs constant.
Marginal Revenue
A comprehensive analysis of the economic term 'marginal revenue', its definitions, and applications.
Marginal Revenue Product
The addition to total revenue from a small increase in any factor input, per unit of the increase.
Marginal Social Benefit
An economics term referring to the increase in social benefit from a marginal increase in an activity, incorporating all external effects.
Marginal Social Cost
The increase in social cost resulting from a marginal increase in an activity, including all external effects.
Marginal Tax Rate
Detailed explanation of the marginal tax rate and its implications in economics.
Marginal Utility
The addition to an individual’s utility from a small increase in consumption of any good, per unit of the increase.
Marginal Utility of Money
The amount by which an individual’s utility would be increased if given a small quantity of additional money.
Marginal Utility of Wealth
The increase in an individual’s utility from an incremental increase in total wealth.
Mark-to-Market
The evaluation of a financial trading position using current market data.