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Economics
Complete Economics Dictionary
| Term | Definition |
|---|---|
| Abnormal Profit | |
| Absolute Advantage | |
| Absolute Poverty | |
| Adult Literacy Rate | |
| Aggregate Demand | |
| Aggregate Supply | |
| Ancillary Firms | |
| Appreciation (in the value of a currency) | |
| Artificial Barriers to Entry | |
| Average Cost | |
| Average Revenue | |
| Average Tax Rate | |
| Balance of Payments | |
| Balance of Payments on Current Account | |
| Balance of Trade | |
| Barter | |
| Basic Wage | |
| Bear | |
| Birth Rate | |
| Bond | |
| Brand Loyalty | |
| Break-even Level of Output | |
| Broker | |
| Budget | |
| Budget Deficit | |
| Budget Surplus | |
| Bull | |
| Capital Employed | |
| Capital Intensive | |
| Cartel | |
| Central Bank | |
| Ceteris Paribus | |
| Closed Shop | |
| Collateral | |
| Collective Bargaining | |
| Commercial Bank | |
| Commercial Loan | |
| Common Stock | |
| Comparative Advantage | |
| Compensating Differentials | |
| Competition Policy | |
| Complements | |
| Constant Returns to Scale | |
| Consumer Cooperative | |
| Consumer Durables | |
| Consumer Expenditure | |
| Consumer Price Index (CPI) | |
| Consumers | |
| Consumption | |
| Contestable Market | |
| Contractionary Fiscal Policy | |
| Corporation Tax | |
| Cost-Push Inflation | |
| Crowding Out | |
| Cyclical Unemployment | |
| Death Rate | |
| Decreasing Returns to Scale | |
| Default | |
| Deflation | |
| Demand-Pull Inflation | |
| Demand Side Policy | |
| Demand | |
| Dependency Ratio | |
| Dependent Population | |
| Depreciation | |
| Deregulation | |
| Derived Demand | |
| Developed Economy | |
| Developing Economy | |
| Direct Inward Investment | |
| Direct Tax | |
| Dis-economies of Scale | |
| Disinflation | |
| Dissaving | |
| Diversification | |
| Dividend | |
| Division of Labour | |
| Double Coincidence of Wants | |
| Dumping | |
| Economic Boom | |
| Economic Cycle | |
| Economic Goods | |
| Economic Growth | |
| Economic Recession | |
| Economic Recovery | |
| Economic System | |
| Economic Use of Resources | |
| Economically Active Population | |
| Economies of Scale | |
| Effective Demand | |
| Embargo | |
| Emigration | |
| Enterprise | |
| Entrepreneur | |
| Equilibrium Wage Rate | |
| Excess Demand | |
| Excess Supply | |
| Exchange Rate | |
| Exchange | |
| Exclusive Dealing | |
| Excise Duty | |
| Expansionary Fiscal Policy | |
| Experience Goods | |
| Export | |
| External Benefit | |
| External Cost | |
| External Economies of Scale | |
| External Growth | |
| Factor Substitution | |
| Factors of Production | |
| Favourable Trade Balance | |
| Full Line Forcing | |
| Financial Assets | |
| Financial Intermediary | |
| Firms | |
| Fixed Capital | |
| Fixed Cost | |
| Floating Exchange Rate | |
| Foreign Exchange Market | |
| Frictional Unemployment | |
| Fringe Benefits | |
| Full-time Employment | |
| Gains from Trade | |
| Gender Imbalance | |
| Gender Pay Gap | |
| General Union | |
| Gross Domestic Product (GDP) | |
| Gross Domestic Product per Capita | |
| Gross Earnings | |
| Gross Value Added (GVA) | |
| Horizontal Integration | |
| Human Development Index | |
| Hyperinflation | |
| Hypothecated Tax | |
| Immigration | |
| Imperfect Compettion | |
| Imported Inflation | |
| Import | |
| Increasing Returns to Scale | |
| Index Base Year | |
| Indexation | |
| Indirect Tax | |
| Industrial Action | |
| Industry | |
| Inferior Goods | |
| Inflation | |
| Insolvent | |
| Interest Rate | |
| Internal Economies of Scale | |
| Internal Growth | |
| International Trade | |
| Investment | |
| Invisible Export | |
| Invisible Import | |
| Involuntary Unemployment | |
| Joint-Stock Company | |
| Labour Diseconomies | |
| Labour Force | |
| Labour Intensive | |
| Labour Market | |
| Labour Mobility | |
| Labour Productivity | |
| Labour | |
| Land | |
| Lateral Integration | |
| Lean Manufacturing | |
| Less-developed Economy | |
| Limited Liability | |
| Liquid Assets | |
| Macroeconomies | |
| Managed Floating | |
| Management Diseconomies | |
| Manufacturing | |
| Marginal Tax Rate | |
| Market Capitalisation | |
| Market Demand | |
| Market Disequilibrium | |
| Market Economic System | |
| Market Failure | |
| Market Price | |
| Market Share | |
| Market Structure | |
| Market Supply | |
| Market | |
| Mass Production | |
| Medium of Exchange | |
| Merger | |
| Merit Goods | |
| Microeconomies | |
| Minimum Wage Legislation | |
| Mixed Economic System | |
| Monetary Policy | |
| Money Market | |
| Money Supply | |
| Mortgage | |
| Multinational | |
| Multiplier Effect | |
| National Debt | |
| Nationalisation | |
| Nationalised Industry | |
| Natural Barriers to Entry | |
| Natural Monopoly | |
| Natural Rate of Population Growth | |
| Needs | |
| Negative Externality | |
| Net Advantages (of an occupation) | |
| Net Earnings | |
| Net Migration | |
| Newly Industrialised Economy | |
| Nominal Gap | |
| Non-price Competition | |
| Non-tariff Trade Barriers | |
| Non-wage Factors | |
| Normal Goods | |
| Occupational Immobility | |
| Oligopoly | |
| Open Economy | |
| Opportunity Cost | |
| Ordinary Shares | |
| Overtime | |
| Overdaft | |
| Overpopulation | |
| Overseas Aid | |
| Overtime Ban | |
| Participation Rate | |
| Partnership | |
| Part-time Employment | |
| Penetration Pricing | |
| Perfect Competition | |
| Permanent Capital | |
| Personal Debt | |
| Personal Income Tax | |
| Persuasive Advertising | |
| Physical Assets | |
| Piece Rate | |
| Planned Economic System | |
| Policy Instrument | |
| Population Pyramid | |
| Positive Externality | |
| Predatory Pricing | |
| Preferred Stock | |
| Price Collision | |
| Price Competition | |
| Price Elastic | |
| Price Elasticity of Demand | |
| Price Elasticity of Supply | |
| Price Inelastic | |
| Price Mechanism | |
| Price War | |
| Primary Sector | |
| Private Benefit | |
| Private Cost | |
| Private Expenditure | |
| Private Limited Company | |
| Privatisation | |
| Producers | |
| Production Possibility Curve (PPC) | |
| Production | |
| Products | |
| Profit | |
| Profit Maximisation | |
| Progressive Tax | |
| Proportional Tax | |
| Protectionism | |
| Public Corporation | |
| Public Expenditure | |
| Public Goods | |
| Public Limited Company | |
| Public Sector Borrowing Requirement | |
| Pure Monopoly |
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