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

📚 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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🧠 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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Definitions
Par Value
Finance Valuation Securities
The stated or face value of a financial security.
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Definitions
Peril Point
Tariffs Economics Trade Policy Domestic Industry
A point below which any further reduction in a tariff would cause serious damage to a domestic industry.
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Definitions
Peso Problem
Economics Inflation Interest Rates Market Expectations
The tendency in countries with a history of high inflation for interest rates to remain higher than abroad
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Definitions
Product Liability
Product Liability Economics Law Consumer Protection
Understanding the concept of product liability, its implications, and its applications in economics and law.
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Definitions
Progressive Tax
Progressive Tax Taxation Economics Public Finance
An overview of the progressive tax system where the tax burden rises more than proportionate to the income or ability to pay.
Read more about Progressive Tax.
Definitions
Property Company
Real Estate Economics Property Management
A company whose principal activity is owning and developing property.
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Definitions
Public Expenditure Survey Committee
Public Expenditure UK Government Economic Policy
A UK government interdepartmental committee that reviewed expenditure plans, ceasing operation in 1984.
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Definitions
R-squared
R-Squared Coefficient of Determination Statistics Econometrics
Detailed exploration of R-squared, also known as the coefficient of determination
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Definitions
Rational Ignorance
Economics Information Theory Decision-Making
An optimal choice to not acquire information when the benefit of using the information is expected to be less than the cost of obtaining it.
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Definitions
Real Income
Economics Income Inflation
Real income refers to income of an individual or group after taking into consideration the effects of inflation on purchasing power.
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Definitions
Real Wage Resistance
Real Wage Resistance Wages Trade Unions Employment Economics Inflation
Difficulty in reducing real wages due to opposition of trade unions and employer reluctance.
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Definitions
Relationship Banking
Banking Financial Services Customer Relations
An in-depth look at the concept and practice of relationship banking in the economics and financial sector.
Read more about Relationship Banking.

Economics Terms Lexicon

Ultimate Dictionary of Economics and Beyond.