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.

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๐Ÿ“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.

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๐ŸŒ Global Relevance: While our focus is on providing detailed economic definitions, the referenced materials ensure global relevance and context.

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Elasticity of Substitution: Definition and Meaning
The elasticity of substitution characterizes the responsiveness of the ratio of quantities of two goods demanded to changes in their relative prices.
Elasticity of Supply
The ratio of the proportional rise in the quantity of a good supplied to a proportional rise in its price.
Electronic Money
Money that is only ever transferred electronically over computer networks. Also known as e-money. See also cashless economy.
Electronic Trading - Definition and Meaning
A comprehensive entry on electronic trading, including its definition, historical context, and major analytical frameworks.
Elementary Price Index
An unweighted price index that does not account for the relative importance of different goods in a consumer's basket of purchases.
eligible paper - Definition and Meaning
Eligible paper refers to securities considered suitable for rediscounting by a central bank, such as Treasury bills and short-dated gilts.
Embodied Technical Progress
Improvements in technical knowledge exploited through investment in new equipment.
Emerging Market and Developing Economies
Comprehensive dictionary entry for Emerging Market and Developing Economies including its definition, context, and major analytical frameworks
Emerging Markets
The concept of emerging markets, exemplified by economies transitioning towards more advanced stages of economic development.