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.

๐Ÿ”— Authoritative References: Each entry includes references to authoritative books, official publications, and government sites, ensuring the information is reliable and accurate.

๐Ÿง  Knowledge Test Quizzes: Enhance your understanding with quizzes designed for each dictionary entry. Test your knowledge and track your progress seamlessly.

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

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Monopolies and Mergers Commission - Definition and Meaning
A UK body appointed to investigate monopolies, mergers, and anti-competitive practices referred to it by certain authorities.
Monopolistic Competition
A market structure characterized by many firms selling differentiated products where each firm has some degree of market power but no long-term economic profit.
Monopoly Policy
An overview of government policy towards monopolies, including motivations, strategies, and approaches.
monopoly profit
Profit in excess of normal profit earned by a firm that is able to exploit monopoly power.
Monopsony Power
The degree of control that a buyer exerts in a market, primarily measured by the concentration of the industry. It is the counterpart of monopoly power.
Montreal Protocol
An international agreement reached in 1987 to reduce the production and consumption of chlorofluorocarbons (CFCs) and halon, substances which deplete the ozone layer in the upper atmosphere.
Moral Hazard
The observation that a contract promising payment for certain events changes behavior to increase the likelihood of these events.
Mortgage
A comprehensive analysis of mortgages as loans using real assets as collateral, including types and economic implications.
Most Favoured Nation
A comprehensive overview of the 'Most Favoured Nation' status in international trade agreements, its historical context, and major analytical frameworks.