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.

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Tax Shelter
An arrangement by which part of a person's income is protected from taxes.
Baumol’s law
The assertion that over time the size of the public sector will increase as a proportion of the economy, due to its relative labour intensity and inability to substitute capital for labor.
Best-Fit Line
A line on a scatter diagram representing the optimal relationship between two variables.
Carry Trade
A currency trading strategy aimed at profiting from the interest rate differential between two currencies.
Debt for Equity
Debt for equity is a financial process where excessive debt obligations are exchanged for equity.
Decile: Definition and Meaning
A detailed examination of the concept of 'decile' in economic terms, including definitions, frameworks, and related analytical perspectives.
Duality in Economics
Analysis of duality in economic optimization problems, particularly in consumer theory.
Enterprise Zone
An area subject to special treatment by the government to encourage investment and employment.
Multi-Fibre Arrangement
Definition, historical context, analytical frameworks, and impact of the Multi-Fibre Arrangement (MFA)
Opportunity Cost
The concept of opportunity cost deals with the cost of an opportunity forgone, measured by the benefits of the best alternative option.