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.

🧠 Knowledge Test Quizzes: Enhance your understanding with quizzes designed for each dictionary entry. Test your knowledge and track your progress seamlessly.

🌍 Global Relevance: While our focus is on providing detailed economic definitions, the referenced materials ensure global relevance and context.

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substitute
A comprehensive exploration of the concept of substitutes in economics—goods or services that can be used to satisfy similar needs.
Substitution
The concept of substitution in economics referring to the switching of consumption from one good or service to another in response to a change in the ratio of prices.
Substitution Effect
The effect on the demand for a good when the price of another good increases, assuming constant utility.
Sucre - A Regional Currency in Latin America
An exploration of the Sucre, a regional currency introduced in 2009 by a group of Latin American countries.
Sunspot Theory
An economic theory predicting that economic activity can be coordinated with external non-economic events.
Superannuation
An overview of superannuation, its definitions, practices, and significance in the context of economics.
Supplementary Benefit
A UK social security benefit that was available on a means-tested basis to ensure income did not fall below a certain level.
Supply
The amount of a good or service offered for sale and its determination factors.
Supply-Side Economics
An overview of supply-side economics, focusing on its core principles, historical context, and its contrast with Keynesian economics.
Surplus
A comprehensive overview of the term 'surplus' in an economic context