Post Office Savings
A financial saving system provided by post offices, offering secure saving options for the public.
Posterior - Definition and Meaning
The revised belief or distribution of a parameter in Bayesian econometrics obtained through Bayesian updating.
Potential Competition
Understanding potential competition and its implications in economics
Potential Output
A measure of the productive capacity of an economy considering stable inflation and the non-accelerating inflation rate of unemployment.
Pound
Definition and meaning of the term 'Pound' in economics, including its uses and contexts.
Poverty
Inability to afford an adequate standard of consumption. Variations in definition over countries and time.
Poverty Line
An income level supposed to be just enough to avoid less-than-adequate consumption.
Poverty Reduction and Growth Facility
A division within the International Monetary Fund focused on concessional lending and debt relief for the world's poorest countries.
Poverty Trap
A situation in which poverty outcomes reinforce themselves, acting as causes of poverty.
Power of a Test
In statistical inference, the probability that a test will reject the false null hypothesis.
Pre-Commitment
An exploration of the concept of pre-commitment in economics and its various theoretical and practical implications.
Pre-tax profits
The profits of a company or unincorporated business before deduction of relevant income or corporation taxes.