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Definitions
Labour Hoarding
Labour Hoarding
Employment
Economics
Labour Market
Retention of excess workers by a business during a downturn in expectation of future output recovery.
Read more about Labour Hoarding.
Definitions
Lorenz Curve
Economics
Income Inequality
Lorenz Curve
Gini Coefficient
A graphical representation of inequality in income distribution within a country or region.
Read more about Lorenz Curve.
Definitions
Monetary System
Monetary System
Economics
Finance
Central Bank
Seigniorage
Monetary Policy
The system by which an economy is provided with money, ensuring financial stability and economic growth.
Read more about Monetary System.
Definitions
Monetary Union
Monetary Union
Economics
Eurozone
Central Bank
Exchange Rates
An overview of the economic term 'monetary union', including meaning, history, and key concepts.
Read more about Monetary Union.
Definitions
Net Economic Welfare
Economic Welfare
GDP
Income
Environment
A broader measure of economic welfare incorporating multiple aspects beyond income per head.
Read more about Net Economic Welfare.
Definitions
Occupational Pension
Occupational Pension
Economics
Pension Schemes
A comprehensive guide to understanding occupational pensions, their types, funding mechanisms, and historical significance.
Read more about Occupational Pension.
Definitions
Personal Equity Plan (PEP)
Investment
UK
Tax-Free
Finance
Savings
A UK system, established in 1986, allowing tax-free investments in shares and unit trusts.
Read more about Personal Equity Plan (PEP).
Definitions
Private Cost
Economics
Microeconomics
Cost Analysis
Private Cost
The cost incurred by individuals or firms to provide goods or services, excluding external harms unless legally obligated.
Read more about Private Cost.
Definitions
Racial Discrimination
Economics
Discrimination
Racial Inequality
Labor Economics
Socioeconomics
An overview and detailed examination of racial discrimination in economic contexts
Read more about Racial Discrimination.
Definitions
Range - Definition and Meaning
Range
Dispersion
Economics
Statistics
An examination of 'range' as an economic term including its background, historical context, and major frameworks.
Read more about Range - Definition and Meaning.
Definitions
Real Terms
Real Terms
Economic Measurement
Real GDP
Real Income
Real Interest Rate
Real Wages
A comprehensive overview of the concept of 'real terms' in economic analysis, focusing on how it helps to remove or minimize the effects of nominal changes like price variations.
Read more about Real Terms.
Definitions
Rust Belt
Economics
Rust Belt
Industrial Decline
Labor
Urban Decay
The area of the US from Pittsburgh to St Louis characterized by declining heavy industries, high obsolescence, and population loss.
Read more about Rust Belt.
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Economics Terms Lexicon
Ultimate Dictionary of Economics and Beyond.
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