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Definitions
Economic System
Economic System
Economics
Capitalism
Socialism
Mixed Economy
Traditional Economy
An analysis of the distinct frameworks an economy can adopt, affecting production, distribution, and consumption.
Read more about Economic System.
Definitions
Economic Theory
Economics
Economic Theory
Models
Mathematics
Economic Research
The branch of economics focused on the construction of models and mathematical methods for their analysis.
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Definitions
Economic Union
Economic Union
International Agreement
Common Market
Economic Policy
An international agreement for a common market and harmonization of certain economic policies.
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Definitions
Economically Active Population
Population
Labour Force
Economics
National Accounts
The number of people during a specified time period who supply labour for the production of goods and services.
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Definitions
Economics - Definition and Meaning
Economics
Social Science
Resources
A comprehensive overview of Economics and its multifaceted dimensions.
Read more about Economics - Definition and Meaning.
Definitions
Economies of Scale
Economies of Scale
Cost Advantage
Production Efficiency
Indivisibilities
Division of Labour
The factors which make it possible for larger organizations or countries to produce goods or services more cheaply than smaller ones.
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Definitions
Economies of Scope
Economies of Scope
Economics
Cost Efficiency
The benefits and cost savings that arise from engaging in related activities within a business.
Read more about Economies of Scope.
Definitions
economy
Economy
Economic System
Goods and Services
Production
Trade
Consumption
The system of activity connected with the production, trade, and consumption of goods and services of a region, country, or area.
Read more about economy.
Definitions
Edgeworth Box
Edgeworth Box
Resource Allocation
Pareto Efficiency
General Equilibrium
A graphical device for depicting resource allocation in a two-consumer, two-good economy.
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Definitions
Effective Demand
Economics
Macro-Economics
Demand Theory
Keynesian Economics
An economic concept representing the planned expenditure by people who have the means to pay.
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Definitions
Effective Exchange Rate
Effective Exchange Rate
Exchange Rates
Trade Weights
Currency Valuation
A country's exchange rate calculated as a weighted average of its bilateral nominal exchange rates against other currencies.
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Definitions
Effective Protection
Economics
Tariffs
Trade Policy
A detailed examination of the concept of effective protection in economics, its definition, historical context, and analytical frameworks.
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Economics Terms Lexicon
Ultimate Dictionary of Economics and Beyond.
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