Economics

Coordination Failure
An economic situation where beneficial activities do not take place due to a lack of coordination between involved parties.
Copyright
The exclusive legal right to reproduce and authorize the reproduction of artistic, dramatic, literary, or musical works.
Core in Economics
Definition and meaning of 'core' in economic geography and global development.
Core Inflation
A measure of inflation of consumer prices excluding certain volatile items.
Corner Solution
A comprehensive entry exploring the meaning and implications of a corner solution in economic analysis.
Corporate Income Tax
A comprehensive examination of corporate income tax, including its meaning, context, and major theoretical frameworks.
Corporation
A comprehensive look at corporations, defining their significance, historical context, and analytical frameworks in economics
Corporation Tax
An overview of corporation tax, its historical evolution, and different theoretical perspectives.
Correlation Coefficient
A comprehensive overview of the correlation coefficient as an economic term including its definition and applications.
Cost Accounting
An overview and analysis of the discipline of cost accounting, which focuses on the measurement and assessment of economic activities' costs.
Cost Curve
A detailed analysis of cost curves in economics, including their definitions and implications.
Cost Function
The minimum cost of producing a given output level expressed as a function of input prices.
Cost of Capital
The rate of return an enterprise must offer to induce investors to provide capital, including debt and equity components.
Cost of Protection
The total cost to an economy of adopting protectionist trade policies.
Cost-Benefit Analysis - Definition and Meaning
An in-depth exploration of cost-benefit analysis, including definition, historical context, and its application in various economic frameworks.
Cost-Effectiveness
The achievement of results in the most economical way, assessing efficiency by resource utilization at the lowest possible cost.
Cost-Plus Pricing
A pricing strategy where the price equals measured costs plus an agreed percentage mark-up for profit, often criticized for lacking cost control incentives.
Cost-Push Inflation
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.
Costs
The value of the inputs needed to produce any good or service, measured in specific units, commonly money.
Countervailing Duty
A tariff imposed to offset the effects of foreign subsidies, aimed at leveling the playing field for domestic producers.
Covariance
An exploration of the concept of covariance in economic data.
Covariance Matrix
A comprehensive look at the definition, significance, and analytical frameworks associated with the covariance matrix in economics.
Covariance Stationary Process (Second-Order Stationary Process, Weakly Stationary Process)
Understanding the concept of covariance stationary process in time-series analysis, including its definition, historical development, and analytical frameworks in economics.
Cover in Economics
The protection against risk provided by an insurance policy, including its limitations and coverage extents.
Covered Interest Parity
Exploration of the concept of Covered Interest Parity and its relevance in Economics and Finance.
Creative Destruction
A model of economic growth driven by quality-improving innovations that make old technologies or products obsolete.
Credit Creation
The process by which banks collectively create loans in excess of the base money they receive.
Credit Cycle
The theory that business cycles are caused by fluctuations in credit
Credit Rating
An assessment of the probability that an individual, firm, or country will be able and willing to pay its debts.
Credit Rationing
Non-price restriction of loans where lenders do not provide loans to all applicants willing to pay the interest rate demanded.
Credit Union
A financial institution run as a cooperative, owned and controlled by its members.
Credit-Rating Agency
A firm that assesses and provides ratings on the creditworthiness of individuals or companies.
Creditor Nation
A country with positive net foreign assets, indicating its external financial strength.
Creditors
The balance-sheet item showing debts owing to others, divided between payments due in under a year and other debts.
Critical Value
A key term in statistical hypothesis testing representing the value at which the null hypothesis is rejected at a given significance level.
Cross-Price Elasticity
A measure of the responsiveness of the quantity demanded for one good when the price of another good changes.
Cross-Price Elasticity of Demand
Exploring the relationship between the demand for one good and the price of a different good, through the lens of cross-price elasticity
Cross-Subsidization
An economic concept where profits from certain goods or services are used to subsidize the losses incurred on other goods or services.
Crowding Out
The economic phenomenon where an increase in public sector spending may reduce private sector spending.
Cumulative Distribution Function (CDF)
The concept of cumulative distribution function (CDF) in probability and its key properties.
Currency
Comprehensive entry discussing the concept, definition, and context of 'Currency' in economics, especially in international trade.
Currency Reform
Replacement of a currency by a new one to address various economic issues such as inflation or financial regulation.
Currency Risk
The risk that changes in exchange rates will affect the profitability of overseas activities and commitments.
Current Account
A comprehensive overview of the economics term 'current account,' including its definition, historical context, and analytical frameworks.
Current Account Deficit
Understanding the concept of current account deficit in a country's balance of payments
Current Account Surplus
An excess of receipts over expenditure on the current account in a country’s balance of payments.
Current Assets
Definition and analysis of current assets, frequently turned over in business operations and distinguished from fixed assets.
Current-Weighted Index
An explanation of the current-weighted index, better known as the Paasche index, including its definition, significance, and comparative analysis with other economic indices.
Customs and Excise
The UK tax authority responsible for collecting indirect taxes, including customs duties, before merging with HM Revenue in 2005 to form HM Revenue and Customs.
Cuts in Expenditure
Exploring the concept of cuts in expenditure, particularly in the context of government spending
Cycle
An in-depth exploration of cyclical processes in economics, encompassing various types such as business cycles, credit cycles, and more.
Cyclically Adjusted Budget Deficit
A calculation of what the government's budget deficit would be under normal economic conditions, assuming stable rules and rates for spending and taxes.
Cyclically adjusted PSBR
A calculation of what the Public Sector Borrowing Requirement (PSBR) would be at a normal level of economic activity.
Day-to-Day Money
A loan made for one business day, the shortest term loan that earns interest. Also known as overnight money.
Deadweight Loss
A measure of the welfare loss due to market inefficiencies, often resulting from monopolies or government taxation.
Dealing
A comprehensive overview of the term 'dealing' with special attention to exclusive and insider dealings.
Dear Money
Explanation of the economic term 'dear money,' involving high interest rates and their impacts on borrowing.
Debt Burden
The cost of servicing debt and its implications for individuals, businesses, and governments.
Debt Crisis
An analysis of the term 'debt crisis' in economic contexts, including historical instances and theoretical frameworks.
Debt Deflation
A comprehensive analysis and understanding of the economic term 'Debt Deflation'
Debt Management
The management of the debt of a company or government to minimize costs and ensure liquidity.
Debt Relief
An agreement by creditors to accept reduced or postponed debt payments.
Debt Service
The payments due under a debt contract, including interest and redemption payments.
Debt Service Ratio
The ratio of a country’s debt service payments to its total export earnings, typically expressed as a percentage.
Debt-Collection Agency
A firm specializing in the collection of debts on behalf of other firms.
Debtors
An overview of debtors, their composition, and their accounting classification.
Decentralization
The dispersal of the power and duty to take decisions away from the center and towards other bodies.
Decision Tree - Definition and Meaning
A graphical representation of the choices in a decision-making process, consisting of nodes, branches, and endpoints.
Decreasing Balance Depreciation
Accounting method for the depreciation of assets with a fixed annual percentage reduction
Deductibles
The part of any insured loss which has to be borne by the insured party; also known as an excess in the UK.
Defence Spending
Understanding the economic implications and nuances of defence spending, also known as military spending, by governments.
Defined Contribution
Provision of a pension scheme where contributions are fixed and benefits are determined by the pension fund accumulated
Deflation
Economics term referring to a progressive reduction in the price level.
Deflator
An index used to adjust nominal data to real data by removing or accounting for inflation effects, typically in the context of GDP calculations.
Degrees of Freedom
Definition and analysis of the concept of degrees of freedom in economics and statistics
Deindustrialization
The tendency for the industrial sector to account for a decreasing proportion of gross domestic product and employment.
Demand
An overview of the concept of demand in economics, encompassing its definition, historical context, analytical frameworks, and case studies.
Demand Curve
A graph relating demand for a good or service to its price, with key influences held constant.
Demand for Money
A comprehensive overview of the demand for money in economics, including its motives and factors.
Demand Function - Definition and Meaning
A comprehensive overview of the concept of demand function including its definition, historical context, major analytical frameworks, and case studies.
Demand Inflation
An in-depth look into demand inflation, its causes, concepts, and impact on the economy.
Demand Management
The use of monetary and fiscal policy to influence the level of aggregate real effective demand in the economy.
Demonetization
The withdrawal from a currency or precious metal of its acceptance as a form of money. Gold was demonetized as an international currency in 1971 by the Group of Seven governments.
Dependency Culture
A situation where welfare provision leads many people to depend permanently on state handouts and to drop out of the labour market.
Dependency Ratio - Definition and Meaning
An exploration of the dependency ratio, its significance, and its implications in various economic frameworks.
Deposit Account
Definition and meaning of a deposit account, a financial term linked to fixed-term deposits with notice requirements, primarily used in the UK.