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Definitions
Rational Ignorance
Economics
Information Theory
Decision-Making
An optimal choice to not acquire information when the benefit of using the information is expected to be less than the cost of obtaining it.
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Definitions
Real Income
Economics
Income
Inflation
Real income refers to income of an individual or group after taking into consideration the effects of inflation on purchasing power.
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Definitions
Real Wage Resistance
Real Wage Resistance
Wages
Trade Unions
Employment Economics
Inflation
Difficulty in reducing real wages due to opposition of trade unions and employer reluctance.
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Definitions
Relationship Banking
Banking
Financial Services
Customer Relations
An in-depth look at the concept and practice of relationship banking in the economics and financial sector.
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Definitions
Reputational Policy
Reputational Policy
Credibility
Economic Policy
A policy dependent on the credibility and trustworthiness of policy-maker’s promises
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Definitions
Residual Unemployment
Unemployment
Labor Economics
Full Employment
Understanding residual unemployment, its components, and implications in economic contexts.
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Definitions
Return - Definition and Meaning
Economics
Finance
Taxation
Investments
An exploration into the multiple meanings and contexts of the term 'return' within economics.
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Definitions
Royalties
Economics
Resources
Payments
Contracts
Payments made to owners of natural resources, intellectual properties, or creative works under specified agreements.
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Definitions
Reinsurance
Reinsurance
Insurance
Risk Management
An economic system where insurers transfer part of their risk to other insurers to minimize potential losses.
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Definitions
Rentier
Economics
Income
Rentier
A term in economics describing an individual whose main income comes from interest on assets.
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Definitions
Recycling - Definition and Meaning
Recycling
Environmental Economics
Cost-Saving
Waste Management
Reusing goods that have served their original purpose for cost-saving and environmental benefits.
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Definitions
Replacement Investment
Replacement Investment
Capital Maintenance
Economic Choice
The term replacement investment concerns the acquisition of new machinery and equipment to maintain output capacity lost through the deterioration or scrapping of existing equipment.
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Economics Terms Lexicon
Ultimate Dictionary of Economics and Beyond.
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