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.

Features

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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  • Educational Resource: Ideal for students, educators, and professionals seeking to deepen their knowledge of economics.

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Stay updated with the latest additions to our lexicon and expand your economic knowledge. Whether you’re preparing for exams, writing research papers, or pursuing professional development, EconomicsTermsLexicon.com is your go-to resource for all things economics.


Portable Pension
A detailed overview of a pension system that retains pension rights across different employers.
Price–Wage Spiral
An economic concept where rising wages lead to higher prices, and higher prices lead to further wage increases.
Procurement
Government purchase of goods and services, focusing on inefficiency, corruption, and protectionism.
Production Externality
An external effect of production that impacts others who are not directly involved in the production process.
Profit Maximization
The act of making as much profit as possible for a business, a key assumption in economic theory.
Profit-Sharing Arrangement
A formal agreement between parties on the distribution of profit from a business venture.
Profit-Taking
The concept of selling an asset to realize accrued capital gains, considering the implications and risks involved in the decision-making process.
Property Income
An overview of property income, including its types and significance in the realm of economics.
Property Market
The system by which land and buildings are bought and sold
Public Expenditure
An overview and in-depth analysis of public expenditure, its types, purposes, and implications in various economic theories.
Public Ownership
Ownership of enterprises by the government, or by a government-controlled body.
Public Sector - Definition and Meaning
An explanation of the public sector, including its scope and boundaries within the economy.