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
๐ Comprehensive Content: Our lexicon covers a wide range of economic terms and concepts, thoroughly explained to help users understand even the most complex topics.
๐ Authoritative References: Each entry includes references to authoritative books, official publications, and government sites, ensuring the information is reliable and accurate.
๐ง Knowledge Test Quizzes: Enhance your understanding with quizzes designed for each dictionary entry. Test your knowledge and track your progress seamlessly.
๐ 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.
Stay updated with the latest additions to our lexicon and expand your economic knowledge. Whether youโre preparing for exams, writing research papers, or pursuing professional development, EconomicsTermsLexicon.com is your go-to resource for all things economics.
An examination of the economic concept of social choices, which are decisions made collectively by society.
An accepted, established, or expected pattern of behaviour in a society.
A collection of statistical information about human welfare and the level of development of an economy.
Examining the economic term 'social interaction' and its implications on preferences, constraints, and individual behaviors within reference groups.
Understanding the social internal rate of return, a discount rate that balances the net present social benefits and costs of a private activity, including externalities.
A term describing an economic system that blends market-based private ownership with significant government intervention in the form of public services and social security.
The allocation that maximizes social welfare, chosen by a benevolent social planner within the constraints of resource endowment.
A benevolent decision-maker who chooses economic policy either to maximize a social welfare function or to attain a Pareto efficient allocation.
A form of for-profit company that can pursue social or environmental objectives alongside profit maximization.
Externalities generated by the education of individuals that benefit society beyond individual wages.
Definition and implications of the 1935 Social Security Act, which established a federal system of social security in the United States.
State payments aimed at ensuring minimum living standards for residents, commonly provided to those over retirement age, the disabled, and others unable to support themselves.