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.


Position
Understanding the various types of positions in financial markets, including long, open, and short positions
Positional Good
A good whose value to consumers depends on its desirability ranking or relative consumption by others.
Positive Economics
A branch of economics that describes and explains economic processes and predicts the outcomes of institutional or policy changes, without making value judgements.
Post Office Savings
A financial saving system provided by post offices, offering secure saving options for the public.
Posterior - Definition and Meaning
The revised belief or distribution of a parameter in Bayesian econometrics obtained through Bayesian updating.
Potential Competition
Understanding potential competition and its implications in economics
Potential Output
A measure of the productive capacity of an economy considering stable inflation and the non-accelerating inflation rate of unemployment.
Pound
Definition and meaning of the term 'Pound' in economics, including its uses and contexts.
Poverty
Inability to afford an adequate standard of consumption. Variations in definition over countries and time.
Poverty Line
An income level supposed to be just enough to avoid less-than-adequate consumption.
Poverty Reduction and Growth Facility
A division within the International Monetary Fund focused on concessional lending and debt relief for the world's poorest countries.
Poverty Trap
A situation in which poverty outcomes reinforce themselves, acting as causes of poverty.