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.


Welfare Criterion
A method of deciding whether a proposed change in the economy should be made based on specific criteria evaluating gains and losses.
White Knight
An entity or investor that acquires a company to save it from an unwanted takeover.
White Noise
A stochastic process with zero mean, constant variance, and zero autocorrelation
White Paper
A UK government publication generally intended as a prelude to legislation, contrasted with a green paper meant to stimulate public discussion.
White's Test
A diagnostic tool for detecting heteroscedasticity in regression analysis, utilizing regressions of squared OLS residuals.
Wholesale Banking
Banking by institutions which specialize in dealing with other financial institutions, large firms, and wealthy individuals.
Wholesale Prices
The prices of goods dealt with on a wholesale basis, important for economic indicators and analyses.
Wholesaling
The sale of goods to distributors, rather than the general public.
widget
Understanding the term 'widget' in economic texts.