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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๐Ÿ“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.

๐Ÿ”— Authoritative References: Each entry includes references to authoritative books, official publications, and government sites, ensuring the information is reliable and accurate.

๐Ÿง  Knowledge Test Quizzes: Enhance your understanding with quizzes designed for each dictionary entry. Test your knowledge and track your progress seamlessly.

๐ŸŒ Global Relevance: While our focus is on providing detailed economic definitions, the referenced materials ensure global relevance and context.

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Cliometrics
The application of quantitative methods to the analysis of economic history
Closed Economy
An overview of the closed economy, an economic model characterized by a lack of external trade and capital flows.
Closed Shop
The requirement that all workers of certain grades in a business must belong to a recognized trade union.
Closed-Loop Equilibrium
An equilibrium concept in multi-stage games where players are informed about the previous strategy choices of opponents.
club - Definition and Meaning
An institution formed to supply an excludable public good, characterized by its ability to exclude non-members, thereby allowing efficient provision of the good to its members.
Club of Rome
A global think tank focused on addressing global challenges through interdisciplinary approaches.
Cluster Analysis
Cluster analysis is a collection of methods used for grouping objects based on their similarities to explore data structures.
Clustering
The geographic concentration of firms in similar industries, facilitating mutual benefits and industry development.
CME Group
The exchange formed in 2007 through the merger of the Chicago Board of Trade and the Chicago Mercantile Exchange, providing a wide range of futures and options products.
Coalition
A group of individuals or firms who have separate objectives but unite to adopt strategies or advocate policies. Often seen in government entities requiring support from multiple political parties.
Coase Theorem
An exploration of the Coase Theorem, which posits that externalities can be corrected by the market under specific conditions.