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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🌍 Global Relevance: While our focus is on providing detailed economic definitions, the referenced materials ensure global relevance and context.

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Productivity
The amount of output per unit of input achieved by a firm, industry, or country.
Professional Body
An organization of people with particular professional qualifications, aimed at maintaining and monitoring standards within a specific profession.
Profit - Definition and Meaning
An excess of the receipts over the spending of a business during any period, including various financial transactions and asset valuations.
Profit-and-Loss Account
An account of an organization’s receipts and spending over a period, providing insights into profits and losses.
Profit-Sharing
A system where employees receive a share of the profits of their firm, enhancing motivation and interest in the company's profitability.
Prohibitive Tariff
A tariff set at a rate so high that no trade in the good concerned can take place.
Propensity Score Matching
A method of estimation of the causal effect of a treatment, or a policy intervention, in observational data.
Propensity to Save
The proportion of disposable income which individuals do not desire to spend on consumption.
Property
Understanding the concept of property, specifically real property, in economics and law.
Property Lending
Lending to finance purchases of property, often using the property as collateral.