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

📚 Comprehensive Content: Our lexicon covers a wide range of economic terms and concepts, thoroughly explained to help users understand even the most complex topics.

🔗 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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Definitions
Seasonal Adjustment
Economics Seasonal Adjustment Time-Series Data Economic Activity Seasonality
Adjustment to correct for seasonal patterns in time-series data by estimating and removing seasonal effects in economic activity caused by natural factors, administrative measures, and social or religious traditions.
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Definitions
Second-Best
Second-Best Economic Efficiency Lipsey-Lancaster Policy Constraints
A situation in which a policy-maker is subject to one or more constraints in addition to those relating to technology and endowments.
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Definitions
Shark Repellent
Corporate Finance Takeover Defense Mergers and Acquisitions
Contracts designed to make a company unattractive to potential takeover bidders
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Definitions
Size Distribution of Firms
Industrial Organization Firm Size Economics
The measurement and analysis of firms of various sizes within an industry or economy
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Definitions
Skills
Skills Labor Economics Workforce Human Capital
The ability to perform certain tasks satisfactorily which may involve physical dexterity, mental ability, or both.
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Definitions
Social Opportunity Cost
Economics Social Opportunity Cost Externalities Opportunity Cost
Understanding the economic concept of social opportunity cost, addressing its definition, historical context, and major frameworks.
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Definitions
Social Overhead Capital
Economics Public Goods Infrastructure Social Capital
Understanding the concept of social overhead capital and its role in economics
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Definitions
Social Time Preference
Economics Time Preference Social Value
The value that society places on present consumption relative to future consumption.
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Definitions
Socialism
Socialism Economics Economic Systems Central Planning Marxian Economics
An overview of socialism, its principles, historical implementation, and economic frameworks.
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Definitions
Solow Residual
Economics Growth Theory Technical Progress Solow Residual Growth Accounting
An economic concept referring to the portion of output growth in an economy that is not explained by the growth of labor or capital inputs.
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Definitions
Sources of Capital
Economics Capital Finance Investment
Understanding the various sources from which businesses obtain their capital, including owner savings, borrowing, equity, depreciation allowances, trade credit, and government financing.
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Definitions
States of the World
Economics Uncertainty Future Outcomes Economic Situations
The concept of states of the world in economics, encompassing the possible future outcomes for an economy under uncertainty.
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Economics Terms Lexicon

Ultimate Dictionary of Economics and Beyond.