Rational Ignorance
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.
Real Income
Real income refers to income of an individual or group after taking into consideration the effects of inflation on purchasing power.
Real Wage Resistance
Difficulty in reducing real wages due to opposition of trade unions and employer reluctance.
Relationship Banking
An in-depth look at the concept and practice of relationship banking in the economics and financial sector.
Reputational Policy
A policy dependent on the credibility and trustworthiness of policy-maker’s promises
Residual Unemployment
Understanding residual unemployment, its components, and implications in economic contexts.
Return - Definition and Meaning
An exploration into the multiple meanings and contexts of the term 'return' within economics.
Royalties
Payments made to owners of natural resources, intellectual properties, or creative works under specified agreements.
Reinsurance
An economic system where insurers transfer part of their risk to other insurers to minimize potential losses.
Rentier
A term in economics describing an individual whose main income comes from interest on assets.
Replacement Investment
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.