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
๐ Comprehensive Content: Our lexicon covers a wide range of economic terms and concepts, thoroughly explained to help users understand even the most complex topics.
๐ Authoritative References: Each entry includes references to authoritative books, official publications, and government sites, ensuring the information is reliable and accurate.
๐ง Knowledge Test Quizzes: Enhance your understanding with quizzes designed for each dictionary entry. Test your knowledge and track your progress seamlessly.
๐ 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.
Stay updated with the latest additions to our lexicon and expand your economic knowledge. Whether youโre preparing for exams, writing research papers, or pursuing professional development, EconomicsTermsLexicon.com is your go-to resource for all things economics.
The relationship between an individual's inherent abilities and their earnings potential.
The principle that tax should fall on those who can afford to pay, where tax payments increase with income or assets of taxpayers.
Loss of value of an asset, capital equipment, or property due to unforeseen changes in techniques, tastes, or circumstances.
A detailed examination of the concept of abnormal profit in economics.
The ability to produce an output using fewer inputs than other producers.
An in-depth look into the term 'absorption' within the context of national accounts and economic analysis.
Abstinence in economic context refers to refraining from or postponing consumption.
A comprehensive analysis of the term 'abuse of dominant position' within economics, mainly concerning anti-competitive business practices by market-dominant firms.
An economic concept enabling firms to write down capital goods for tax purposes at a faster rate than normal depreciation, encouraging investment and allowing tax deferral.
Model relating investment to changes in output.
Exploring the meaning and implications of acceptance in the context of a bill of exchange.
A key concept in statistical inference defining the range where a test statistic is likely to fall if the null hypothesis is true