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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Permanent Income Hypothesis
An economic theory suggesting that people's consumption choices are determined by their long-term income expectations rather than current income fluctuations.
Permanent Interest Bearing Shares (PIBS)
An explanation of Permanent Interest Bearing Shares, their purposes, characteristics, and significance in financial management, especially for mutual institutions like building societies.
Permit to Pollute
An entry on 'Permit to Pollute', explaining its definition, purpose, and economic implications within pollution control frameworks.
Perpetual Bond
An irredeemable bond that pays interest indefinitely.
Perpetual Inventory Method
A method to estimate a country’s total capital stock by accounting for past real investments and depreciation.
Persistence
Definition of persistence and its significance in time series analysis, particularly focusing on serial correlation or autocorrelation.
Personal Disposable Income
Personal income after deduction of income tax and social security payments.
Personal Loan
A loan typically provided to individuals without the need for specific collateral, used for financing substantial personal expenses.
Personal Sector
The part of the economy consisting of households, unincorporated businesses, life assurance and pension funds, and private non-profit-making bodies.