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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Markdown File for “Fully Funded Pension” Entry meta: date: false reading_time: false title: “Fully Funded Pension” date: 2023-10-05 description: “An in-depth explanation of fully funded pension plans and their economic implications.” tags: [“Pension”, “Retirement Savings”, “Economics”, “Finance”] Background A fully funded pension system refers to a type of retirement plan that is financed through accumulated savings rather than pay-as-you-go mechanisms. Upon retirement, individuals receive payments funded entirely from contributions and investment returns collected over their working years.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "G10 - Group of Ten" 6date: 2023-10-05 7description: "An overarching body encompassing ten of the world's most influential economies." 8tags: ["G10", "Group of Ten", "Economics"] 9--- 10 11## Background 12 13The term "G10" refers to the "Group of Ten," an assembly of ten key global economies collaborating primarily on financial matters. Despite its name, this group consists of eleven IMF member countries: Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Sweden, Switzerland, the United Kingdom, and the United States.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Gamma Stocks" 6date: 2023-10-05 7description: "Shares of relatively small companies, traded infrequently on the London Stock Exchange" 8tags: ["Stocks", "London Stock Exchange", "Financial Markets"] 9--- 10 11## Background 12 13Gamma stocks refer to shares issued by relatively small companies, which were commonly less frequently traded on the London Stock Exchange (LSE). This classification was part of a broader system utilized to categorize shares based primarily on their trading volume and the market capitalization of the issuing companies.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Global Financial Stability Report" 6date: 2023-10-05 7description: "A semiannual assessment of global financial markets produced by the International Monetary Fund." 8tags: ["Global Financial Stability Report", "IMF", "Finance", "Global Markets"] 9--- 10 11## Background 12 13The Global Financial Stability Report (GFSR) is a critical publication by the International Monetary Fund (IMF), offering an extensive analysis of the global financial system. It examines the emerging market trends, vulnerabilities in financial systems worldwide, and challenges faced by policymakers.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Goods" 6date: 2023-10-10 7description: "Concepts and Definitions of Goods in Economics" 8tags: ["Economics", "Goods", "Microeconomics", "Consumer Behavior"] 9--- 10 11## Background 12 13In economics, "goods" denote items that satisfy human wants and provide utility, for example, a product that can be used or consumed. Goods are critical in determining productivity and consumption patterns. 14 15## Historical Context 16 17The conception of goods has evolved over centuries, from the simple barter systems of ancient civilizations to the sophisticated market economies of today.
--- meta: date: false reading_time: false title: "Green Issues" date: 2023-10-05 description: "Policy issues arising from concerns about the environment and the impacts of economic activity on ecological systems." tags: ["Environmental Economics", "Sustainability", "Ecological Impact"] --- ## Background Green issues encompass a range of policy concerns that emerge from the adverse impacts of human economic activities on the environment. These concerns are integral to discussions on how to achieve sustainable development and mitigate environmental degradation.
--- meta: date: false reading_time: false title: "Green Sleeves Worker" date: 2023-10-22 description: "A worker in an environmentally friendly or sustainable industry." tags: ["sustainability", "environment", "economics", "labor market"] --- ## Background The term "green sleeves worker" has emerged in contemporary discourse to describe individuals employed in sectors dedicated to mitigating environmental harm, promoting renewable resources, and ensuring sustainable practices in economic activities. ## Historical Context The lexicon surrounding green jobs has evolved significantly with growing awareness and regulatory frameworks targeting environmental sustainability.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Hold-Up Problem" 6date: 2023-10-05 7description: "A class of contracting problems where one agent’s pre-contractual investment affects the relative bargaining power between agents, potentially hindering mutual gains from collaboration." 8tags: ["contracting problems", "bargaining power", "investment", "economic theory"] 9--- 10 11## Background 12 13The **hold-up problem** refers to a situation often encountered in economics, business, and contractual engagements where one party is hesitant to make investments due to the fear that subsequent negotiation will shift bargaining power unfavorably, leaving them vulnerable to opportunistic behavior by the other party.
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meta: date: false reading_time: false title: “Homo Economicus” date: 2023-10-05 description: “An overview of the concept of homo economicus or economic man, which refers to a simplified model of human behavior in economic theory.” tags: [“homo economicus”, “economic man”, “rational actor model”] Background The term “homo economicus,” or “economic man,” is a fundamental concept in economics that represents an idealized human being who acts rationally, fully informed, and consistently in pursuit of self-interest.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Idiosyncratic Risk" 6date: 2023-10-05 7description: "Understanding the variability of asset returns due to factors independent of market movements." 8tags: ["Economics", "Finance", "Risk Management"] 9--- 10 11## Background 12 13Idiosyncratic risk, also known as unsystematic risk, refers to the portion of an investment's risk that is attributable to factors specific to that particular investment, such as a company's management decisions or its financial condition.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Intellectual Property Rights" 6date: 2023-10-05 7description: "Intellectual property rights: Private property rights in ideas, including copyright and patents, allowing control over usage and distribution." 8tags: ["Intellectual Property", "Copyright", "Patents", "Economics"] 9--- 10 11## Background 12 13Intellectual property rights (IPR) represent the legal framework designed to protect creators and owners' interests in their intellectual property. This encompasses innovations, literary and artistic works, symbols, names, images, and designs used in commerce.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Intergenerational Equity" 6date: 2023-10-05 7description: "A concept of fair treatment of different generations, with applications in fiscal policy, sustainability, and environmental issues." 8tags: ["Intergenerational Equity", "Fiscal Policy", "Sustainability", "Environmental Economics"] 9--- 10 11## Background 12 13Intergenerational equity refers to fairness or justice between different generations. It seeks to ensure that the actions and policies of the current generation do not compromise the well-being and opportunities available to future generations.