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.

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.

Join Our Learning Community

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.


Latent Variable
A comprehensive overview of latent variables in economics, exploring their definition, applications, analytical frameworks, and related concepts.
Latin American Crisis
An overview of the Latin American foreign debt crisis of the 1980s, including its context, economic implications, and resolutions.
Law of Demand
The principle that states the level of demand for a good or service is inversely related to its price.
Law of Diminishing Returns
An overview of the law of diminishing returns and its implications in economic theory.
Law of Large Numbers
A statistical theorem stating that as the number of trials increases, the sample average will converge to the expected mean.
Layoffs
Permanent terminations or temporary suspensions by a firm of the employment of all or part of its workforce.
Leading Indicator
An economic time series which tends to rise or fall earlier than variables of interest.
Leads and Lags
The ability of traders to bring forward or defer the timing of transactions.
Learning by Doing
The concept that productivity increases through practice and experience.
Learning Curve
Understanding the Learning Curve: its definition, historical context, and major analytical frameworks.
Lease
A contract granting the use of land or buildings for a specified period in exchange for rent.