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.


Import Surcharge
A temporary additional tax on imports imposed to address balance-of-payments problems.
Import Tariff
A detailed look at import tariffs, their definition, meaning, and economic implications.
Importables
Goods of types which could be imported, whether or not they actually are.
Imported Inflation
Examining the phenomenon of imported inflation and its impact on domestic price levels.
Imports
An exploration of the concept of imports, including visible and invisible imports and their economic significance.
Imputed Charge for Consumption of Non-Trading Capital
An estimate of capital consumption in respect of government assets such as offices, schools, or hospitals which are not run as profit-making businesses.
Imputed Income
An explanation of the economic concept of imputed income, where value is attributed to non-cash benefits from the use of owned assets.
In-Kind Redistribution
Redistribution that takes the form of goods or services rather than cash to ensure consumption of intended items.
Incentive Compatibility
A mechanism is incentive compatible if it provides an incentive for economic agents to truthfully reveal private information.
Incentive Contract
A contract that incorporates incentives designed to induce desired behaviour.
Incentives
Explanation of incentives as economic tools used to influence actions of economic agents through rewards or penalties.