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Definitions
External Labour Market
Labour Market
Human Resources
Economics
The system by which recruitment for senior appointments in an organization is mainly by open competition.
Read more about External Labour Market.
Definitions
Financial Markets - Definition and Meaning
Financial Markets
Economics
Trading
Stock Exchange
Economy
A comprehensive overview of financial markets, their definition, and significance in the global economy.
Read more about Financial Markets - Definition and Meaning.
Definitions
First-Best Allocations
Economics
First-Best Allocation
Pareto Efficiency
Economic Policy
An exploration of the concept of first-best allocations in economics, its efficiency and limitations.
Read more about First-Best Allocations.
Definitions
Floating Exchange Rate
Exchange Rates
International Economics
Monetary Policy
An in-depth exploration of the concept of floating exchange rate in economics, including its different forms, analytical frameworks, historical context, and comparative analysis.
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Definitions
Forecast - Definition and Meaning
Forecast
Prediction
Economics
Dynamic Forecast
Static Forecast
An exploration of the concept and usage of forecasts in economics, including dynamic and static forecasts.
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Definitions
Free Good
Economics
Goods
Scarcity
Opportunity Cost
A good which is not scarce, so that its availability is not an effective constraint on economic activity.
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Definitions
General Government
Government Sector
Central Government
Local Government
Federalism
The whole of the government sector, including central, local, and intermediate levels of government.
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Definitions
Generalized Axiom of Revealed Preference (GARP)
GARP
Revealed Preference
Consumer Choice
An examination of the Generalized Axiom of Revealed Preference as a fundamental principle in consumer choice theory.
Read more about Generalized Axiom of Revealed Preference (GARP).
Definitions
Generalized Least Squares (GLS) Estimator
Econometrics
Statistics
Regression Analysis
A comprehensive overview of the Generalized Least Squares (GLS) estimator, its historical context, major analytical frameworks, and related terms.
Read more about Generalized Least Squares (GLS) Estimator.
Definitions
Geometric Mean
Geometric Mean
Central Tendency
Statistics
Economics
The geometric mean is a measure of central tendency calculated as the nth root of the product of n numbers.
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Definitions
Green Paper
Green Paper
Public Policy
Government Publications
A UK government publication intended to stimulate public discussion on an issue without necessarily committing the government to legislation.
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Definitions
Histogram
Statistics
Data Analysis
Economics
A graphical representation of frequencies or proportions of observations falling within specified categories or bins.
Read more about Histogram.
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Economics Terms Lexicon
Ultimate Dictionary of Economics and Beyond.
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