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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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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Pension Scheme
Definition and meaning of a pension scheme, a retirement plan managed by individual companies, different schemes, and funding mechanisms.
Pensionable Age
The age at which a pension becomes payable, either from the state or an occupational pension scheme. It varies by occupation, country, and sometimes by gender.
People’s Bank of China
The central bank of the People’s Republic of China, playing a vital role in the formulation and implementation of monetary policies, oversight of the financial markets, and several other key financial functions.
Per Capita Real GDP
A comprehensive overview of per capita real GDP, including its calculation, significance, and role in economic analysis.
Percentile
Definition and meaning of the term 'Percentile' in economics.
Perestroika - Definition and Meaning
A comprehensive overview of Perestroika, the system of economic reforms initiated in the Soviet Union by Mikhail Gorbachev.
Perfect Competition
An idealized market condition where all buyers and sellers are price-takers with full symmetry of information.
Perfect Substitute
A meticulous exploration of the concept of Perfect Substitute in economics, meaning and implications.
Periphery - Definition and Meaning
An economic term describing an outlying region of an economy characterized by poor communications and sparse population, contributing to its relative lack of prosperity.
Permanent Income
The component of lifetime income that is anticipated and planned by a consumer.