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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Troubled Asset Relief Program (TARP)
A US government programme designed to improve liquidity and stability of the financial system by purchasing troubled assets from financial institutions during the 2008–9 financial crisis.
Trough
The lowest period for real incomes or activity in a business cycle.
True and Fair View
The principle that financial accounts should provide a correct and honest impression of the financial state of a company.
Trust
An exploration of trust in economic contexts, particularly in situations of asymmetric information and repeated games.
Trustee
An individual or company legally responsible for administering property on behalf of a beneficiary.
Turnkey Project
An in-depth look into turnkey projects, their structure, benefits, and place in economic theory and practice.
Turnover Tax - Definition and Meaning
A comprehensive entry explaining the concept, implications, and comparative analysis of turnover tax in economics.
Turnpike Theorem
A characterization of the optimal, or welfare-maximizing, growth path for the economy in growth theory.
Two-Part Tariff
An economic pricing strategy where customers pay a higher price up to a set quantity, and a lower price thereafter.
Two-Sector Endogenous Growth Model
A model in which physical and human capitals are produced in different sectors, leading to endogenous steady-state growth.
Two-Stage Least Squares
An econometric method addressing endogeneity in linear regression models by using instrumental variables.