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.
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- 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.
The method of calculating domestic product using information on the net outputs of various sectors of the economy.
A measure of output per unit of labour input, used in comparing productivity.
An asset in the economy that is not a liability for anyone else, commonly applied to gold coinage rather than bank balances.
The practice of buying goods and services from outside suppliers rather than producing them within a firm.
A worker employed by an enterprise for a task or delivery of goods and services under contract, but working externally
Production levels in a firm or an industry that exceed its conventionally calculated capacity.
A securities market not regulated by an exchange.
Over-valued currency - a currency whose exchange rate is too high for a sustainable equilibrium in the balance of payments
A negative balance in a bank account, often allowed by prior arrangement but incurs interest and extra service charges.
A look into the definition and meaning of overhead costs within economic frameworks.
An analysis of the overlapping generations economy, a discrete-time dynamic economic model where individual agents have finite lives but exist across multiple periods.
Definition and exploration of the term 'overmanning' in an economic context