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.

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Oligopoly
A comprehensive overview of the economic term 'oligopoly', exploring its definition, historical context, and major analytical frameworks.
Oligopsony
A market characterized by a small number of buyers, where each buyer's decisions affect the others.
Ombudsman
The role and significance of an ombudsman in economic and administrative contexts.
On-the-Job Training
Training by working under the supervision of an experienced worker, contrasted with formal courses of instruction.
One-Tailed Test
A statistical test where the hypothesis is rejected only for sufficiently large or small values of the test statistic, when the direction of the effect is known beforehand.
Open Economy
A detailed analysis of the term 'Open Economy' within economics, including major frameworks and comparative analysis.
Open Outcry
The system of trading in commodities, securities, or currencies by traders meeting together and calling out the trades they are offering.
Open Position
A detailed exploration of what constitutes an 'Open Position' in trading and its implications.
Open-Ended Fund
A form of mutual fund with no restriction on the number of shares issued based on investor demand.
Open-Loop Equilibrium
An equilibrium in multi-stage games where players do not observe previous strategies, allowing no strategy revision.