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 UK body appointed to investigate monopolies, mergers, and anti-competitive practices referred to it by certain authorities.
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.
A market condition in which there is only one seller.
An overview of government policy towards monopolies, including motivations, strategies, and approaches.
Profit in excess of normal profit earned by a firm that is able to exploit monopoly power.
A market situation with only one buyer.
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.
Definition and exploration of the Monte Carlo method in economics
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.
The observation that a contract promising payment for certain events changes behavior to increase the likelihood of these events.
A comprehensive analysis of mortgages as loans using real assets as collateral, including types and economic implications.
A comprehensive overview of the 'Most Favoured Nation' status in international trade agreements, its historical context, and major analytical frameworks.