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

๐Ÿ“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.

๐Ÿ”— Authoritative References: Each entry includes references to authoritative books, official publications, and government sites, ensuring the information is reliable and accurate.

๐Ÿง  Knowledge Test Quizzes: Enhance your understanding with quizzes designed for each dictionary entry. Test your knowledge and track your progress seamlessly.

๐ŸŒ Global Relevance: While our focus is on providing detailed economic definitions, the referenced materials ensure global relevance and context.

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Petro-currency - Definition and Meaning
The currency of a country heavily dependent on oil exports. The exchange rate of a petro-currency is strongly influenced by the world price of oil.
Petro-dollars
Economic surpluses from oil-exporting countries invested abroad in US dollar-denominated securities.
Phased Retirement
A flexible approach to retirement characterized by a gradual decrease in work commitments, often through part-time or short-term contracts, rather than an abrupt exit from the labor force.
Phillips Curve
An in-depth exploration of the Phillips Curve, illustrating the inverse relationship between inflation and unemployment, differences in short-run and long-run analyses, and the role of expectations.
Physical Capital
Capital in the form of physical goods, including fixed capital, stocks, and work in progress.
Phytosanitary Measures
An exploration of the meaning, relevance, and implications of phytosanitary measures in economics and trade.
Picketing
The procedure during strikes of placing strikers outside workplaces to inform, persuade, and potentially dissuade other stakeholders from crossing the picket line.
Picking Winners
The idea that governments can promote economic development by selecting particular projects for financial and technical support.
Pigouvian Tax
A tax levied to correct market failures caused by externalities.
planned economy
An economy in which the government takes all major production and distribution decisions.