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

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.

๐Ÿ”— Authoritative References: Each entry includes references to authoritative books, official publications, and government sites, ensuring the information is reliable and accurate.

๐Ÿง  Knowledge Test Quizzes: Enhance your understanding with quizzes designed for each dictionary entry. Test your knowledge and track your progress seamlessly.

๐ŸŒ 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 youโ€™re preparing for exams, writing research papers, or pursuing professional development, EconomicsTermsLexicon.com is your go-to resource for all things economics.


Emission Permit
A permit that allows the holder to emit pollution up to a specified level, playing a vital role in pollution control and emissions trading.
Employer's Liability
The legal liability of employers to compensate their employees for accidents and illnesses due to their work.
Employment
Service performed for pay or wages under a contract of hire
Endogeneity Problem
Simultaneous causality between the dependent variable and an endogenous variable, rendering ordinary least squares estimation biased and inconsistent
Endogenous Business Cycle
A model of business cycles where fluctuations arise from internal factors, specifically random shocks to economic agents' beliefs.
Endogenous Growth
Economic growth where the growth rate is determined by the choices of economic agents.
Endogenous Variable
A variable whose value is determined by the equilibrium of a system, contrasted with an exogenous variable which is externally imposed.
Energy Tax
A tax on the consumption of energy from fossil fuels, aimed at conserving non-renewable energy resources and mitigating global warming.
Engel Curve
A detailed examination of the Engel Curve and its implications in economic theory
Engel Curve
A curve showing the relation between income level and consumption of some good, at a given price.