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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šŸ“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.

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

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

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

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Variance in Economic and Financial Analysis
A comprehensive entry on the definition and implications of variance in the realm of economics and finance.
Varianceā€“Covariance Matrix
Overview of the varianceā€“covariance matrix in economics and statistics, covering definitions, concepts, and analysis frameworks.
Variety
An entry on the economic concept of variety, particularly in reference to goods differentiated by specification or brand name.
VAT Registration
The procedure whereby firms are added to the value-added tax (VAT) register.
VAT Return
A report documenting a firmā€™s sales of goods and services subject to value-added tax (VAT), required from firms registered for VAT.
Vector Autoregressive (VAR) Model
A generalization of the univariate model of an autoregressive process to a system of equations describing multivariate time series.
Vehicle Currency
An economic term denoting a currency widely used in international trade transactions between countries that do not use that currency domestically.
Velocity of Circulation
The frequency with which a unit of currency circulates in the economy for transactions over a specific period.
Venture Capital
Capital invested in new or small businesses, with a high risk of loss, essential for enabling entrepreneurship.
Vertical Equity
Vertical equity refers to the principle that people in more advantageous positions should contribute more to society, particularly in the context of taxation.
Vertical Integration
The combination in one firm of two or more stages of production usually operated by separate firms.