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.

🧠 Knowledge Test Quizzes: Enhance your understanding with quizzes designed for each dictionary entry. Test your knowledge and track your progress seamlessly.

🌍 Global Relevance: While our focus is on providing detailed economic definitions, the referenced materials ensure global relevance and context.

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Developing Countries
An in-depth overview of the economic term 'developing countries,' often referred to as less developed countries (LDCs).
Development Economics
Understanding the process of economic development and its impact on less developed countries
Dickey–Fuller
A statistical test used to determine if a time series is a random walk or stationary.
Diffusion of Innovations
The spreading of innovations round the economy, and between countries.
Dillon Round
An intricate and pivotal round of multilateral trade negotiations conducted under the General Agreement on Tariffs and Trade (GATT) framework that laid the groundwork for contemporary global trade practices.
Dilution
An economical process affecting share value and ownership percentages through the issue of additional common stock by a company.
Diminishing Marginal Product
An explanation of the economic principle of diminishing marginal product, where the addition of successive extra units of an input yields smaller increases in output.
Diminishing Marginal Utility
An economic principle describing the decrease in added satisfaction or utility as additional units of a good or service are consumed.
Diminishing Returns to Scale
When the marginal product of a factor falls as more of that factor is used, holding the quantity of other factors constant.