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.

đź”— Authoritative References: Each entry includes references to authoritative books, official publications, and government sites, ensuring the information is reliable and accurate.

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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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Spare Capacity
Capital equipment available but not currently needed for production, maintained to meet potential sudden demand increases or to ensure continuity during equipment breakdowns.
Spatial Autocorrelation
A measure of spatial dependence in spatial data, often assessed using Moran’s autocorrelation coefficient.
Spearman Rank Correlation Coefficient
A comprehensive entry on the Spearman Rank Correlation Coefficient, its definition, applications, and significance in economics.
Special Anti-Avoidance Rule (SAAR)
An understanding of Special Anti-Avoidance Rule (SAAR) and its role in economic tax systems.
Special Deposits
A detailed exploration of special deposits, their definition, background, and implications in the banking sector.
Special Drawing Rights (SDRs)
An international monetary reserve asset created by the IMF, used to supplement member countries' official reserves and defined as a weighted average of various convertible currencies.
Special Liquidity Scheme
A scheme introduced by the Bank of England to improve the liquidity of the banking system in response to the financial crisis of 2008.
Specific Tax
A tax levied as a fixed sum on each physical unit of the good taxed, regardless of its price.
Speculative Bubble
An economic cycle characterized by the rapid escalation of asset prices followed by a contraction.
Spillover
A comprehensive overview of the term 'spillover' and its significance in economics.