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.

Why Choose Economics Terms Lexicon?

  • Accuracy and Reliability: With references to official publications and government sites, you can trust the information provided.
  • Interactive Learning: Our quizzes offer an engaging way to reinforce your learning and test your understanding of each term.
  • Educational Resource: Ideal for students, educators, and professionals seeking to deepen their knowledge of economics.

Join Our Learning Community

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.


External Labour Market
The system by which recruitment for senior appointments in an organization is mainly by open competition.
First-Best Allocations
An exploration of the concept of first-best allocations in economics, its efficiency and limitations.
Floating Exchange Rate
An in-depth exploration of the concept of floating exchange rate in economics, including its different forms, analytical frameworks, historical context, and comparative analysis.
Forecast - Definition and Meaning
An exploration of the concept and usage of forecasts in economics, including dynamic and static forecasts.
Free Good
A good which is not scarce, so that its availability is not an effective constraint on economic activity.
General Government
The whole of the government sector, including central, local, and intermediate levels of government.
Generalized Axiom of Revealed Preference (GARP)
An examination of the Generalized Axiom of Revealed Preference as a fundamental principle in consumer choice theory.
Generalized Least Squares (GLS) Estimator
A comprehensive overview of the Generalized Least Squares (GLS) estimator, its historical context, major analytical frameworks, and related terms.
Geometric Mean
The geometric mean is a measure of central tendency calculated as the nth root of the product of n numbers.
Green Paper
A UK government publication intended to stimulate public discussion on an issue without necessarily committing the government to legislation.
Histogram
A graphical representation of frequencies or proportions of observations falling within specified categories or bins.