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
Rank Dependent Expected Utility Theory
Expected Utility Theory Decision-Making Anomalies Allais Paradox Economic Theory
A generalization of expected utility theory, explaining choices observed in the Allais paradox and other anomalies.
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Definitions
Ratchet Effect
Economics Behavioral Economics Inflation Consumption
Understanding the tendency for a variable to be influenced by its largest previous value and its implications in economics
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Definitions
Rate of Exchange
Economics Exchange Rate Currency
A detailed examination of the term 'Rate of Exchange' in economic context, including definitions, historical background, and relevant analytical frameworks.
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Definitions
Rate of Growth
Economics Growth Rate Economic Growth Macro-Economics
Economic analysis of the rate of growth, dealing with rates at which key economic indicators increase over a period.
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Definitions
Rate of Interest - Definition and Meaning
Interest Rate Finance Economics
The charge made for the loan of financial capital, expressed as a proportion of the loan, considering diverse premiums.
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Definitions
Rate of Return Regulation
Regulation Monopolies Economics
A system for controlling the prices charged by regulated monopolists, aimed at allowing them to earn a market return on their capital.
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Definitions
Rate Support Grant
Economics UK Fiscal Policy Local Government Finance
A financial mechanism in the UK where central government provided grants to local authorities from 1967 to 1990 to supplement their revenues.
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Definitions
Rateable Value
Rateable Value Local Taxation UK Tax System
An in-depth insight into the concept of rateable value in the UK and its implications in local taxation.
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Definitions
Rates - Definition and Meaning
Economics Taxation Business Rates Local Taxation UK
A system of local taxation in the UK including business rates and domestic charges.
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Definitions
Rationality
Rationality Economics Decision-Making
The use of logical reasoning based on available facts to reach conclusions.
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Definitions
Rationalization - Definition and Meaning
Economics Production Efficiency Profit
Rationalization refers to the reorganization of production processes in the interest of enhancing efficiency or profits, often involving significant, non-marginal changes such as the centralization or dispersion of production facilities.
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Definitions
Rationing
Rationing Scarcity Allocation Economics
An overview of rationing, the controlled distribution of scarce resources, its motivations, critiques, and various economic perspectives.
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Economics Terms Lexicon

Ultimate Dictionary of Economics and Beyond.