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.
An index of the cost of maintaining a given standard of living
The total cost to an economy of adopting protectionist trade policies.
An in-depth exploration of cost-benefit analysis, including definition, historical context, and its application in various economic frameworks.
The achievement of results in the most economical way, assessing efficiency by resource utilization at the lowest possible cost.
A pricing strategy where the price equals measured costs plus an agreed percentage mark-up for profit, often criticized for lacking cost control incentives.
An economic concept where the general price levels in an economy rise due to increased costs of production, often leading to declines in the purchasing power of money.
Definition and Meaning of Cost, Insurance, and Freight (c.i.f.)
The value of the inputs needed to produce any good or service, measured in specific units, commonly money.
An international organization of the planned economies of the USSR and its allies.
State-financed housing for rent provided through local authorities in the UK.
A tax levied by UK local authorities on property holders, dependent on property valuation.
The risk associated with the possibility that a counter-party in a financial transaction may default on their obligations.