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Definitions
technical efficiency
Technical Efficiency
Efficiency in Production
Economics
An exploration of the concept of technical efficiency in economics, its implications, and distinctions from other forms of efficiency.
Read more about technical efficiency.
Definitions
Technical Progress
Technical Progress
Productivity
Economics
Improvement in knowledge about techniques for production, allowing for more output or efficiency.
Read more about Technical Progress.
Definitions
Technical Standard
Technical Standard
Economics
Network Externalities
Compatibility
A specification of the design of particular goods or components to ensure compatibility.
Read more about Technical Standard.
Definitions
Technical Substitution
Technical Substitution
Economics
Production Theory
Examination of technical substitution in economic analysis, including elasticity and marginal rate of technical substitution concepts.
Read more about Technical Substitution.
Definitions
Technology - Definition and Meaning
Technology
Production
Science
The body of knowledge about materials, techniques of production, and operation of equipment, based on the application of science.
Read more about Technology - Definition and Meaning.
Definitions
Technology Gap
Economics
Technology Gap
Development
A definition and explanation of the concept of the technology gap, the difference in techniques available for production between countries.
Read more about Technology Gap.
Definitions
Technology Transfer
Economics
Development
Globalization
Innovation
The transfer of techniques from countries where they are more advanced to other countries where they are less advanced.
Read more about Technology Transfer.
Definitions
Temporary Assistance to Needy Families
TANF
Federal Assistance
Economic Support
Welfare Reform
An overview of TANF, the US federal assistance program for low-income families with dependent children.
Read more about Temporary Assistance to Needy Families.
Definitions
Temporary Equilibrium
Temporary Equilibrium
Economics
Dynamic Economy
Rational Expectations
An overview of the concept of temporary equilibrium in economic models and its implications for dynamic economies.
Read more about Temporary Equilibrium.
Definitions
Tender
Economics
Tender
Competitive Tendering
Bidding
Contracts
A bid to undertake a project encompassing information on the bidder, project approach, and pricing.
Read more about Tender.
Definitions
Tender Issue
Economics
Finance
Treasury Bills
Bidding
Market Mechanism
Understanding tender issue in economics, its meaning and context within Treasury bills bidding and issuance.
Read more about Tender Issue.
Definitions
Tennessee Valley Authority (TVA)
New Deal
Public Corporation
Economic Development
US History
TVA
The Tennessee Valley Authority (TVA) is a US public corporation established in 1933 as part of the New Deal, focusing on power supply, flood control, natural resource development, tourism, and training.
Read more about Tennessee Valley Authority (TVA).
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Economics Terms Lexicon
Ultimate Dictionary of Economics and Beyond.
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