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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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.

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Condorcet Paradox
The observation that the preference order resulting from pairwise majority voting can be intransitive.
Confederation of British Industry
A federation of UK companies, primarily from the manufacturing sector, founded in 1965 that lobbies government and collects information from members on various economic policies and regulations.
Conglomerate Merger
A merger between firms operating in different sectors of the economy.
Conjectural Variation
An analysis of a model in oligopoly where firms form expectations about their rivals’ reactions to changes in strategy.
Consolidated Accounts
An overview and detailed explanation of consolidated accounts in the realm of group companies and their financial practices.
Consortium
A group of companies or banks combining to run a project, often too large or risky for a single firm. Example: The Channel Tunnel.
Conspicuous Consumption
Spending on goods and services primarily to display income or wealth, or to attain a certain social status.
Constant Elasticity of Substitution (CES)
An economics term denoting a production function or utility function with a constant elasticity of substitution between inputs.
Constant Elasticity of Substitution (CES)
A detailed exploration of the constant elasticity of substitution, its definitions, concepts, historical context, and analytical frameworks.