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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Restricted Least Squares Estimator
An estimator method in econometrics used to minimize the sum of squared residuals subject to constraints for hypothesis testing.
Restrictive Practices
Practices affecting the ability of firms to compete freely in markets; may include customer discrimination, exclusive dealing, and market-sharing agreements.
Restrictive Practices Court
A UK court established under the Restrictive Trade Practices Acts to assess if restrictive trading agreements served the public interest; abolished in 1998.
Retail Price Index
This entry describes the Retail Price Index (RPI), focusing on its definition, historical context, and various economic frameworks used to analyze it.
Retaliation
A policy change made to punish another firm or country for its actions.
Retractable Bond
A comprehensive overview of retractable bonds, their function, importance, and implications in the context of various economic frameworks.
Returns
An exploration of the term returns and its various forms in economics, including constant returns to scale, decreasing returns to scale, increasing returns to scale, and returns to scale.
Revaluation - Definition and Meaning
A comprehensive overview of revaluation in economics, detailing its definition, historical development, and relevance within various economic frameworks.
Revealed Preference Pricing
A group of methods of obtaining a monetary value for non-marketable goods and services, including hedonic pricing, wage premia, and travel costs.
Revenue
Receipts from sales, encompassing total, average, and marginal revenue.