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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Definitions
Wildcat Strike
Labor Economics Industrial Relations Trade Unions
An exploration of wildcat strikes, where employees initiate work stoppages without union authorization.
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Definitions
Willingness to Pay
Economic Theory Consumer Behavior Market Analysis
A comprehensive understanding of the term 'Willingness to Pay' in economics, including its definition, historical context, and various analytical frameworks.
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Definitions
Winding Up
Business Closure Liquidation Voluntary Winding Up Court-Imposed Liquidation
Closing down a business, paying off its debts, and distributing remaining assets to shareholders.
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Definitions
Winner’s Curse
Economics Competitive Tendering Auctions Bidding
The potential financial loss experienced by the winning firm in competitive tendering or auction scenarios due to misestimation of costs or revenues.
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Definitions
Wirtschaftswunder
Economic Miracle West Germany Post-World War II
Referring to the remarkable economic recovery of West Germany post-World War II.
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Definitions
With-Profits Life Insurance
Life Insurance Financial Performance Policy-Holders
Life insurance where benefits to the policy-holders depend on the financial performance of the fund accumulated from their premiums.
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Definitions
Withholding Tax
Taxation Income Public Finance
A tax levied at a standard rate on all receipts of income from wages or dividends, regardless of the individual’s tax liability.
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Definitions
Within-groups Estimator
Economics Panel Data Ordinary Least Squares Least Squares Dummy Variable Model
An estimator of the parameters in a panel data model using deviations from time averages.
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Definitions
Wold’s Decomposition Theorem
Economics Time Series Analysis Stochastic Process
A fundamental theorem in time series analysis that decomposes a zero-mean covariance stationary stochastic process into a deterministic and a non-deterministic part.
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Definitions
Work Study
Labor Economics Productivity Industrial Engineering
The study of working procedures with a view to improving their efficiency, safety, or comfort.
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Definitions
Worker Participation
Economics Labor Economics Organizational Behavior Industrial Relations
Definition and meaning of worker participation in firm decision-making
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Definitions
Worker-Controlled Firm
Economics Worker-Controlled Firm Cooperative Labor Ownership
A comprehensive examination of worker-controlled firms, also known as producers' cooperatives, where both ownership and management responsibilities are vested in the workers.
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Economics Terms Lexicon

Ultimate Dictionary of Economics and Beyond.