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.

đź”— Authoritative References: Each entry includes references to authoritative books, official publications, and government sites, ensuring the information is reliable and accurate.

🧠 Knowledge Test Quizzes: Enhance your understanding with quizzes designed for each dictionary entry. Test your knowledge and track your progress seamlessly.

🌍 Global Relevance: While our focus is on providing detailed economic definitions, the referenced materials ensure global relevance and context.

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budget surplus
The excess of a government’s total income over its expenditure.
Buffer Stock
A detailed explanation of buffer stock, its functioning, and its implications on price stabilization.
Building and Loan Association
A US cooperative institution providing mortgage finance for homeowners, equivalent to a UK building society.
Building Society
A comprehensive entry on building societies in the UK, focusing on their role in the financial system, historical development, and evolution.
Built-in Stabilizers
Features of the economy that limit economic fluctuations through routine behaviour, such as tax revenues and unemployment benefits.
Bull
A trader who expects prices to rise on the stock or commodity market.
Bull Market
A comprehensive overview of the bull market, including its definition and economic implications.
bullion
Gold held in bulk, usually in the form of gold bars, largely held by central banks as part of foreign exchange reserves.
Bundesbank
The German central bank renowned for its financial caution and monetary stability, now part of the European System of Central Banks.
Bundle of Goods
A comprehensive look at the term 'bundle of goods,' its implications in economics, and how it is applied in constructing price indices.
Bundling
The marketing of related products as a single unit with a price typically less than the sum of the prices of the separate items.
Business - Definition and Meaning
An exploration of the term 'business' encompassing all forms of industrial and commercial profit-seeking activity, including its cycle, lobby, and broader economic significance.