Economics Terms Lexicon - Authoritative Dictionary and Knowledge Tests
About Economics Terms Lexicon
Welcome to EconomicsTermsLexicon.com! Our site offers a comprehensive and authoritative dictionary of economic terms, providing detailed definitions and explanations. Each dictionary entry references books, official publications, and government websites to ensure accuracy and reliability.
Features
đź“š Comprehensive Content: Our lexicon covers a wide range of economic terms and concepts, thoroughly explained to help users understand even the most complex topics.
đź”— Authoritative References: Each entry includes references to authoritative books, official publications, and government sites, ensuring the information is reliable and accurate.
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Stay updated with the latest additions to our lexicon and expand your economic knowledge. Whether you’re preparing for exams, writing research papers, or pursuing professional development, EconomicsTermsLexicon.com is your go-to resource for all things economics.
An agreement by creditors to accept reduced or postponed debt payments.
The payments due under a debt contract, including interest and redemption payments.
The ratio of a country’s debt service payments to its total export earnings, typically expressed as a percentage.
A firm specializing in the collection of debts on behalf of other firms.
Overview of the concept and implications of debt in economics
An overview of debtors, their composition, and their accounting classification.
The dispersal of the power and duty to take decisions away from the center and towards other bodies.
The analysis of rational decision-making involving choices with known and uncertain outcomes, and the optimization of utility functions.
A graphical representation of the choices in a decision-making process, consisting of nodes, branches, and endpoints.
Accounting method for the depreciation of assets with a fixed annual percentage reduction
Understanding the concept and implications of Decreasing Returns to Scale in economics
The ability to deduct certain items from income to reduce tax liability.