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.

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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.


Cabotage
The transport of goods within a country, typically subject to regulation requiring the use of domestic carriers.
Cash Limits
Limits set on overall expenditure in cash terms to enhance efficient use of government and business expenditures.
Commercial Presence
The establishment of a company's office, branch, or subsidiary in a foreign country for business activities.
Consumer Choice
An exploration of the concept of consumer choice, detailing its significance in economics and its relationship to consumer behavior.
Cost Minimization
The objective of an enterprise to produce its output at the lowest possible cost while maintaining the specified quality of goods or services.
Credit
An in-depth look into the system by which goods or services are provided for deferred payment
Differential Game
A game set in continuous time, where the change in the state variable is determined by the strategies of the two players.
Distortions in Economics
Examination of how distortions impact the efficiency of price mechanisms in an economy.
Employee
A person working for somebody else, for wages or salary, under a contract of employment.
Export-led Growth
Growth in which exports increase faster than other components of national expenditure.
Flight from Money
Understanding the phenomenon where high inflation causes people to abandon their country's currency.