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

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Definitions
Power of a Test
Statistics Economics Data Analysis Hypothesis Testing
In statistical inference, the probability that a test will reject the false null hypothesis.
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Definitions
Pre-Commitment
Pre-Commitment Commitment Behavioral Economics Economic Theory Game Theory
An exploration of the concept of pre-commitment in economics and its various theoretical and practical implications.
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Definitions
Pre-tax profits
Economics Finance Taxation
The profits of a company or unincorporated business before deduction of relevant income or corporation taxes.
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Definitions
Prebisch Thesis
Prebisch Thesis Terms of Trade Primary Commodities Manufacturing Industry Economic Development
A claim that the terms of trade between primary products and manufactured goods deteriorate over time, suggesting that countries exporting primary commodities should establish manufacturing industry to counteract adverse effects.
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Definitions
Precautionary Motive
Money Economics Uncertainty Liquidity Preference Risk Management
The motive to hold money to provide for the unexpected. See also demand for money.
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Definitions
Predatory Pricing
Predatory Pricing Competition Monopoly Economic Strategy Market Dynamics
An economic strategy where pricing is set very low to eliminate competition or deter market entry.
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Definitions
Predetermined Variable - Definition and Meaning
Econometrics Predetermined Variables Endogeneity Instrumental Variables
An entry defining the concept of a predetermined variable in econometric models, its significance, and its use in solving the endogeneity problem.
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Definitions
predictor
Economics Statistics Regression Analysis Dependent Variable
An estimator of the value of the dependent variable given by the estimated regression equation
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Definitions
Preference Revelation
Economics Public Goods Mechanism Design Preference Revelation
A detailed overview of the economic concept of preference revelation and its implications.
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Definitions
Preference Share
Economics Finance Corporate Governance
A company share which carries no vote, but ranks before ordinary shares for dividends.
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Definitions
Preferences
Preferences Axioms of Preference Liquidity Preference Personal Preferences Revealed Preference Single-Peaked Preferences Time Preference
A detailed exploration of preferences in the context of economics, including different schools of thought and related terms.
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Definitions
Premium
Insurance Finance Premium
The price paid for an insurance policy, which may be monthly, annual, or a lump-sum payment.
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Economics Terms Lexicon

Ultimate Dictionary of Economics and Beyond.