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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Value-Subtracting Industry
An industry where the value of output is less than that of purchased inputs, making the value added negative.
Warranted Growth Rate
The rate at which growth must occur for sustainability in the Harrod–Domar model.
Work in Progress
The term Work in Progress refers to materials and partially finished products that are at various stages of the production process.
Yield - Definition and Meaning
Understanding the term 'yield' in the context of fixed-interest securities and its different forms such as nominal yield, running yield, yield to maturity, and more.
'Bad Money Drives Out Good' - Definition and Meaning
An exploration of the economic principle that 'bad money drives out good,' commonly known as Gresham’s Law.
1992 - Definition and Meaning
A comprehensive look at the 1992 program of the European Community aimed at internal market unification.
a priori
An exploration of the economic term 'a priori', which refers to claims considered true based on earlier reasoning rather than empirical evidence.
A-share
An ordinary share in a company with no voting rights for the holder, typically traded at a lower price than voting shares.
AAA Rating
An in-depth exploration of the AAA credit rating, its significance, and its role in economics.
Abatement
Reduction in amount, degree, or intensity of an activity, particularly in reference to emissions and pollutants.
abatement cost
The cost associated with reducing pollution levels from both production and consumption activities.