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.

Why Choose Economics Terms Lexicon?

  • Accuracy and Reliability: With references to official publications and government sites, you can trust the information provided.
  • Interactive Learning: Our quizzes offer an engaging way to reinforce your learning and test your understanding of each term.
  • Educational Resource: Ideal for students, educators, and professionals seeking to deepen their knowledge of economics.

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Stay updated with the latest additions to our lexicon and expand your economic knowledge. Whether youโ€™re preparing for exams, writing research papers, or pursuing professional development, EconomicsTermsLexicon.com is your go-to resource for all things economics.


Premium Bond
A UK government security with a unique structure involving a lottery-based reward system.
Prescriptive Statement
A formal description and analysis of prescriptive statements, their implications in economics, and comparison with other economic statements.
Present Discounted Value
Definition and explanation of present discounted value (PDV), a core concept in economics used to determine the current value of future payments or cash flows.
Pressure Group
An organization that aims to bring about changes in laws or policies, possibly in the interest of its members or a wider cause like the environment.
Price
An explanation and analysis of the term 'price' and its significance in economic theory and practice.
Price Control
The setting of maximum or minimum prices by law to regulate markets.
Price Effect
A comprehensive exploration of the 'price effect' in consumer theory understanding consumption variations due to changes in commodity prices.
Price Fixing
An agreement between two or more firms about the prices they will charge, which is considered anti-competitive and is forbidden by legislation in many countries.
Price Floor
A comprehensive entry on the concept of price floors in economics, covering its definitions, historical context, major analytical frameworks, and more.
Price Index
An index number representing the average of prices of goods in a given category.
Price Leader
A firm whose price changes tend to be followed by other sellers in its markets.
Price Level
The general level of prices in an economy, measured by retail price index or GDP deflator.