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
๐ Comprehensive Content: Our lexicon covers a wide range of economic terms and concepts, thoroughly explained to help users understand even the most complex topics.
๐ Authoritative References: Each entry includes references to authoritative books, official publications, and government sites, ensuring the information is reliable and accurate.
๐ง Knowledge Test Quizzes: Enhance your understanding with quizzes designed for each dictionary entry. Test your knowledge and track your progress seamlessly.
๐ Global Relevance: While our focus is on providing detailed economic definitions, the referenced materials ensure global relevance and context.
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Stay updated with the latest additions to our lexicon and expand your economic knowledge. Whether youโre preparing for exams, writing research papers, or pursuing professional development, EconomicsTermsLexicon.com is your go-to resource for all things economics.
A measure of the willingness of a consumer to move consumption between time periods.
The elasticity of substitution characterizes the responsiveness of the ratio of quantities of two goods demanded to changes in their relative prices.
The ratio of the proportional rise in the quantity of a good supplied to a proportional rise in its price.
Money that is only ever transferred electronically over computer networks. Also known as e-money. See also cashless economy.
Definition and comprehensive analysis of electronic money (e-money) in economics.
A comprehensive entry on electronic trading, including its definition, historical context, and major analytical frameworks.
An unweighted price index that does not account for the relative importance of different goods in a consumer's basket of purchases.
Definition and Meaning of Eligible Liabilities
Eligible paper refers to securities considered suitable for rediscounting by a central bank, such as Treasury bills and short-dated gilts.
Improvements in technical knowledge exploited through investment in new equipment.
Comprehensive dictionary entry for Emerging Market and Developing Economies including its definition, context, and major analytical frameworks
The concept of emerging markets, exemplified by economies transitioning towards more advanced stages of economic development.