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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Marxian Economics
An explanation of the functioning of the economy based on the theories of the philosopher Karl Marx, including the labour theory of value, exploitation, and the prediction of a systemic breakdown of capitalism.
Meade Review
A significant review of the UK tax system chaired by economist James Meade, leading to the 1978 Meade Report.
Mint - Definition and Meaning
Definition and explanation of a mint, its functions, and historical significance in the production of coinage.
Monetary Rule
A systematic rule used by a central bank to determine its choice of monetary policy.
Mortgage-Backed Security
Debt obligations that represent a claim on the cash flow from a pool of mortgage loans, typically on residential properties.
Narrow Money
The definition and meaning of narrow money in economics.
Net Exports
Detailed explanation and context of the term 'net exports' in economics.
New Development Bank
New Development Bank (Formerly the BRICS Development Bank): A multilateral development bank aimed at fostering economic cooperation among BRICS nations and mobilizing resources for development projects in emerging markets.
Non-Observed Economy
Understanding the Non-Observed Economy: Encompassing informal, underground, and illegal economic activities.
Non-Pecuniary Benefits
Definition and analysis of non-pecuniary benefits within the context of economics, focusing on their meaning, importance, and implications.