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.
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đź“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.
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The additional amount of one good required to compensate a consumer for a small decrease in the quantity of another, per unit of the decrease.
Analysis of the marginal rate of technical substitution in economics terms
An exploration of the concept of the marginal rate of transformation in economics which signifies the amount by which one output can be increased if another is reduced, holding total inputs constant.
A comprehensive analysis of the economic term 'marginal revenue', its definitions, and applications.
The addition to total revenue from a small increase in any factor input, per unit of the increase.
An economics term referring to the increase in social benefit from a marginal increase in an activity, incorporating all external effects.
The increase in social cost resulting from a marginal increase in an activity, including all external effects.
Detailed explanation of the marginal tax rate and its implications in economics.
The addition to an individual’s utility from a small increase in consumption of any good, per unit of the increase.
The amount by which an individual’s utility would be increased if given a small quantity of additional money.
The increase in an individual’s utility from an incremental increase in total wealth.
The evaluation of a financial trading position using current market data.