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.


Tokyo Round
Overview of the Tokyo Round of international trade talks held under GATT between 1973 and 1979.
Trade Liberalization
The process of reducing or removing restrictions on international trade to promote economic efficiency.
Beveridge Curve
A graph depicting the relationship between unemployment and the job vacancy rate, indicating labor market efficiency.
Business Cycle
The fluctuation of economic activity around the long-term growth path, involving periods of growth and decline.
Capital Movements
The movement of capital between countries, either as outflows of domestically owned capital to foreign countries or inflows of foreign-owned capital into a country.
Consumer Non-Durables
Consumer non-durables are goods that are used up quickly and are not serviceable beyond their immediate one-time use.
Default
Definition and meaning of default in an economic context, highlighting the implications for individuals, firms, and countries.
English Auction
An auction where the auctioneer starts with a low price and keeps taking higher bids until there are no more bids, selling the item to the highest bidder.
Glejser Test
A statistical test for heteroscedasticity in regression models, checking if the size of random errors increases proportionally to changes in exogenous variables.
Optimal Taxation
An overview of optimal taxation, its theoretical underpinnings, and its applications in various economic paradigms.
Pay Control
Control over wage rates as part of a prices and incomes policy.
Power
Strength in arranging the terms of one’s dealing with other firms or people.