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

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Koyck transformation
A method used to transform an infinite geometric lag model into a finite model with a lagged dependent variable.
Law of One Price
An economic theory stating that the price of a given asset or good will have the same price when exchange rates are accounted for.
Lerner Index
Definition and meaning of the Lerner index, a measure of monopoly power in economics.
Liquidity Risk
The risk arising from the possibility that there will be no active market for the assets held by an economic agent.
Listing
Listing Agreement by a stock exchange to allow a company’s shares to be traded.
Log-Rolling - Definition and Meaning
Detailed exploration of log-rolling, a practice in legislative bodies involving strategic voting to pass measures benefiting specific constituencies.
Marginal Physical Product
An in-depth exploration of the economic term 'marginal physical product,' its definition, applications, and relevance.
Marginal Rate of Substitution
A detailed entry explaining the marginal rate of substitution, its importance, and its interpretation in economics.
Market Equilibrium - Definition and Meaning
Exploration and understanding of market equilibrium, where supply and demand in a market are equal at the prevailing price.