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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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.
The observation that whenever the profit-to-capital ratio of a company is regulated, it has an incentive to over-invest in capital, resulting in inefficiently high levels of capital accumulation.
An economic term referring to costs that can be eliminated by ceasing an activity or production.
Exploring the concept of avoidance, with a focus on its applications within economics and tax policy, and its differentiation from evasion.
A logical starting point used in economic deduction without needing proof or demonstration.
A set of basic concepts characterizing rational preferences in economics.
The conduct of monetary policy through channels that are not publicly observable.
Definition and meaning of backward induction
The expansion of a firm’s activities to include the production of inputs formerly sourced from outside.
A situation in which the futures price of a commodity is lower than the spot price.
A financial institution created to hold toxic assets to remove problem assets from other banks' balance sheets.
Debt that is known to be impossible or unlikely to be repaid.
The estimation recorded in the accounts by a creditor reflecting the anticipated write-offs of bad debts.