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.
Why Choose Economics Terms Lexicon?
- Accuracy and Reliability: With references to official publications and government sites, you can trust the information provided.
- Interactive Learning: Our quizzes offer an engaging way to reinforce your learning and test your understanding of each term.
- Educational Resource: Ideal for students, educators, and professionals seeking to deepen their knowledge of economics.
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 permit that allows the holder to emit pollution up to a specified level, playing a vital role in pollution control and emissions trading.
An overview of the term 'employer', its role and importance in economics.
The legal liability of employers to compensate their employees for accidents and illnesses due to their work.
Service performed for pay or wages under a contract of hire
Regulations concerning the dismissal of workers by their employers.
Simultaneous causality between the dependent variable and an endogenous variable, rendering ordinary least squares estimation biased and inconsistent
A model of business cycles where fluctuations arise from internal factors, specifically random shocks to economic agents' beliefs.
Economic growth where the growth rate is determined by the choices of economic agents.
A variable whose value is determined by the equilibrium of a system, contrasted with an exogenous variable which is externally imposed.
A tax on the consumption of energy from fossil fuels, aimed at conserving non-renewable energy resources and mitigating global warming.
A detailed examination of the Engel Curve and its implications in economic theory
A curve showing the relation between income level and consumption of some good, at a given price.