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
📚 Comprehensive Content: Our lexicon covers a wide range of economic terms and concepts, thoroughly explained to help users understand even the most complex topics.
🔗 Authoritative References: Each entry includes references to authoritative books, official publications, and government sites, ensuring the information is reliable and accurate.
🧠 Knowledge Test Quizzes: Enhance your understanding with quizzes designed for each dictionary entry. Test your knowledge and track your progress seamlessly.
🌍 Global Relevance: While our focus is on providing detailed economic definitions, the referenced materials ensure global relevance and context.
Why Choose Economics Terms Lexicon?
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- 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 you’re preparing for exams, writing research papers, or pursuing professional development, EconomicsTermsLexicon.com is your go-to resource for all things economics.
The form of tenure of land or buildings by which the tenant has a lease.
The practice of hiring items of equipment, rather than buying them outright
An overview of the Least Developed Countries (LDCs) as designated by the United Nations.
A method of estimation in econometric models minimizing the sum of squared differences.
Forms of money which a creditor is legally obliged to accept in settlement of a debt.
Time spent not working and regarded as a consumption good from which utility is derived in economic models.
An unsatisfactory product where quality cannot reliably be checked before purchase.
The function of providing liquidity for the banking system at times of crisis by the central bank.
Observation by Wassily Leontief that the US, despite being capital-rich, had exports that were more labor-intensive than its imports, contrary to the Heckscher-Ohlin model's predictions.
An examination of Less Developed Countries (LDCs), including their classification, developmental indicators, and geographical distribution according to the United Nations.
The ratio of a company’s debt to its equity.
Buy-out of a firm largely financed by borrowing