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
Visible Trade
Visible Trade International Trade Economics
A comprehensive insight into the concept of visible trade within economics.
Read more about Visible Trade.
Definitions
Wage Flexibility
Wage Flexibility Labor Market Economics
An economics term that denotes the ability of wages to adjust in response to changes in labor market conditions or economic circumstances.
Read more about Wage Flexibility.
Definitions
Washington Consensus
Washington Consensus Economic Policy IMF World Bank Economic Reforms
A comprehensive guide to the Washington Consensus, its origins, principles, and impact on economic policies in less-developed countries.
Read more about Washington Consensus.
Definitions
Windfall Gain
Economics Income Taxation
An unexpected increase in personal or corporate income, often considered for non-distortionary taxation.
Read more about Windfall Gain.
Definitions
Congestion - Definition and Meaning
Congestion Public Goods Externality Economics
An economic phenomenon where excessive use of an impure public good reduces its benefit to all users.
Read more about Congestion - Definition and Meaning.
Definitions
Consumption Tax
Economics Taxation Public Finance
A tax imposed on expenditure rather than income; often known as expenditure tax.
Read more about Consumption Tax.
Definitions
Council of Economic Advisers
Economic Policy Government Advisory Bodies
A US body of three academics appointed to advise the President on the state of the economy and assist in economic policy formulation.
Read more about Council of Economic Advisers.
Definitions
Discretionary Spending
Discretionary Spending Public Finance Government Expenditure
An examination of discretionary spending and its role in economic policy, contrasting with mandatory spending.
Read more about Discretionary Spending.
Definitions
Economic Boom
Economics Economic Cycle Business Cycle
An overview of a boom characterized by heightened economic activity, low unemployment, and rising prices.
Read more about Economic Boom.
Definitions
Equity Withdrawal
Equity Mortgage Economics Financial Planning Capital Raising
Overview of equity withdrawal, its significance, applications, and implications in economic analysis.
Read more about Equity Withdrawal.
Definitions
Expenditure Tax
Taxation Economic Policy Consumption Tax
A tax levied on the value of expenditure and also known as a consumption tax. It is seen as an alternative to income tax for personal taxation.
Read more about Expenditure Tax.
Definitions
Export Credit
International Trade Credit Export Financing OECD
The system of selling exports on credit rather than for cash payment.
Read more about Export Credit.

Economics Terms Lexicon

Ultimate Dictionary of Economics and Beyond.