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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📚 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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Definitions
Petro-currency - Definition and Meaning
Economics Currency Oil Exports Exchange Rate
The currency of a country heavily dependent on oil exports. The exchange rate of a petro-currency is strongly influenced by the world price of oil.
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Definitions
Petro-dollars
Petro-Dollars Balance of Payments Oil-Exporting Countries International Finance US Dollars
Economic surpluses from oil-exporting countries invested abroad in US dollar-denominated securities.
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Definitions
Phased Retirement
Retirement Labor Economics Pension Crisis
A flexible approach to retirement characterized by a gradual decrease in work commitments, often through part-time or short-term contracts, rather than an abrupt exit from the labor force.
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Definitions
Phillips Curve
Phillips Curve Inflation Unemployment Macroeconomics Economic Theory
An in-depth exploration of the Phillips Curve, illustrating the inverse relationship between inflation and unemployment, differences in short-run and long-run analyses, and the role of expectations.
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Definitions
Physical Capital
Economics Physical Capital Capital Investment
Capital in the form of physical goods, including fixed capital, stocks, and work in progress.
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Definitions
Phytosanitary Measures
Economics Trade Health Protection Agriculture
An exploration of the meaning, relevance, and implications of phytosanitary measures in economics and trade.
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Definitions
Picketing
Labor Economics Industrial Relations Strikes
The procedure during strikes of placing strikers outside workplaces to inform, persuade, and potentially dissuade other stakeholders from crossing the picket line.
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Definitions
Picking Winners
Industrial Strategy Economic Development Government Intervention
The idea that governments can promote economic development by selecting particular projects for financial and technical support.
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Definitions
Pigou Effect
Pigou Effect Economic Theory Aggregate Demand Real Balance Effect Liquidity Trap
The concept of the Pigou effect and its implications in economic theory.
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Definitions
Pigouvian Tax
Pigouvian Tax Economics Externalities
A tax levied to correct market failures caused by externalities.
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Definitions
Placing - Definition and Meaning
Finance Investment Shares
Detailed explanation of placing in the context of finance and economics.
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Definitions
planned economy
Planned Economy Government Control Soviet Union Economic Systems
An economy in which the government takes all major production and distribution decisions.
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Economics Terms Lexicon

Ultimate Dictionary of Economics and Beyond.