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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đź“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.

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

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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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Reserve Bank of India
An overview of the Reserve Bank of India, its roles, history, functions, and significance in the Indian economy.
Reserve Currency
A currency used as foreign exchange reserves by other countries.
Reserve Requirements
An overview of reserve requirements as part of monetary policy and banking regulation.
Reserve Tranche
A key element in the International Monetary Fund's (IMF) lending mechanism representing the first quarter of a member's quota available under specific conditions.
RESET
An overview of the Ramsey regression equation specification error test (RESET) and its implications in econometrics.
Residual Variation
Variation in the dependent variable not explained by the regression model, represented by the residuals of the regression
Residual: Definition and Meaning
An in-depth analysis of the term 'residual' in the context of economics and econometrics.
Resilience
A capacity of an economy, a community, or an individual to cope with economic losses caused by an extraordinary adverse shock.
Resolution Trust Corporation
Explanation of the US federal agency, Resolution Trust Corporation, set up to manage the resolution of bankrupt thrifts.
Resource Curse
An economic paradox where countries with abundant natural resources experience less economic growth and worse development outcomes.
Restraint of Trade
A term in a contract that restricts a person’s right to exercise a trade or carry on business.