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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1--- 2meta: 3 date: false 4 reading_time: false 5title: "Profit Warning" 6date: 2023-10-05 7description: "An announcement by a company warning the market that profits are likely to be lower than previously expected." 8tags: ["economics", "finance", "business"] 9--- 10 11## Background 12 13In the business and financial world, companies are often expected to hit certain profit targets, which can significantly influence market expectations and investor sentiment. When a company realizes that it may not meet these previously stated profit expectations, it may issue a "profit warning.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Public Economics" 6date: 2023-10-05 7description: "A comprehensive study of the field of economics that examines economic efficiency, distribution, and government economic policy, particularly focusing on the public sector, market failures, and externalities." 8tags: ["public economics", "economic efficiency", "government policy", "market failure", "externalities", "public goods", "taxation", "social security"] 9--- 10 11## Background 12 13Public Economics, also known as the study of government economic policy and economic efficiency, is a pivotal field within economics.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Rate of Return" 6date: 2023-10-05 7description: "The increase in the value of an asset expressed as a proportion of the asset’s initial value over a given time period." 8tags: ["Rate of Return", "Investment", "Financial Metrics"] 9--- 10 11## Background 12 13The concept of **Rate of Return** plays a pivotal role in economics and finance, forming the basis for evaluating the effectiveness of investments.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Retail Banking - Definition and Meaning" 6date: 2023-10-05 7description: "Overview of retail banking encompassing transactions with the general public and distinguishing it from wholesale banking." 8tags: ["retail banking", "banking", "financial institutions"] 9--- 10 11## Background 12 13Retail banking, also known as consumer banking or personal banking, is a division of banking that deals directly with individual customers and small businesses. It provides a myriad of financial services tailored to meet the needs of this demographic.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Retained Earnings" 6date: 2023-10-07 7description: "The part of company profits which is not paid out in taxes or dividends, but is reinvested back into the business." 8tags: ["Finance", "Accounting", "Corporate Finance"] 9--- 10 11## Background 12 13Retained earnings refer to the proportion of net earnings that a company keeps to itself, rather than distributing it among shareholders as dividends. This retained portion is utilized by the company to reinvest in its own operations, finance new projects, or improve its balance sheet.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Specification Error" 6date: 2023-10-05 7description: "An error in estimation or inference caused by a false assumption in an econometric model." 8tags: ["econometrics", "modeling", "bias"] 9--- 10 11## Background 12 13Specification error refers to an error arising within an econometric model due to incorrect assumptions about the underlying data-generating process. Such assumptions might relate to the inclusion or exclusion of certain variables, the functional form of the model, or the presence of erroneous data application.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Speculation" 6date: 2023-10-05 7description: "Economic activity aimed at profiting from expected changes in the prices of goods, assets, or currencies." 8tags: ["Economics", "Finance", "Speculation"] 9--- 10 11## Background 12 13Speculation involves engaging in transactions aimed at making a profit from predicted changes in market prices of goods, assets, or currencies. It plays a significant role in the broader economic and financial landscape by impacting market liquidity and the allocation of resources.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Speculative Motive" 6date: 2023-10-05 7description: "The component of the demand for money driven by the aim of gaining from expected changes in interest rates." 8tags: ["Monetary Theory", "Interest Rates", "Keynesian Economics"] 9--- 10 11## Background 12 13The speculative motive is a key concept within Keynesian monetary theory, reflecting the desire to hold or invest money based on future expectations of interest rates and bond prices.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Stock Exchange" 6date: 2023-10-05 7description: "A detailed exploration of the concept and function of stock exchanges." 8tags: ["Economics", "Finance", "Stock Market"] 9--- 10 11## Background 12 13A stock exchange is an organized marketplace where securities, such as shares and bonds, are bought and sold. It plays a critical role in the functioning of the modern financial system by facilitating capital raising for companies, providing liquidity for investors, and contributing to economic growth.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Survey of Current Business" 6date: 2023-10-05 7description: "A monthly publication by the Bureau of Economic Analysis focused on U.S. and international economic activity." 8tags: ["Survey of Current Business", "Bureau of Economic Analysis", "economic activity"] 9--- 10 11## Background 12 13The "Survey of Current Business" is a pivotal monthly publication issued by the Bureau of Economic Analysis (BEA), a branch of the U.
--- meta: date: false reading_time: false title: "Sustainable Development Strategy" date: 2023-10-05 description: "A policy aimed at achieving continuous improvement in the quality of life through sustainable management and innovation." tags: ["Sustainable Development", "EU Policy", "Environmental Economics", "Social Cohesion"] --- ## Background The concept of sustainable development emphasizes meeting the needs of the present without compromising the ability of future generations to meet their own needs. Sustainable Development Strategy (SDS) represents a structured and continual effort to embed sustainability within the core functions of policy-making, economic processes, and social behavior.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Thin Market" 6date: 2023-10-05 7description: "A market with few buyers and sellers, characterized by high volatility, low transaction volume, and low liquidity." 8tags: ["Thin Market", "Liquidity", "Volatility", "Transaction Volume"] 9--- 10 11## Background 12 13Thin markets, also known as illiquid markets, are financial or commodity markets with a sparse number of participants, leading to unique trading dynamics. Such markets face distinct challenges compared to more liquid markets with numerous buyers and sellers.
