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Economic Bubble Definition A bubble as an economic season with a very...

Bretton Woods System Definition  Bretton Woods System, developed in 1944 during the...

Brazil, Russia, India and China (BRIC Countries) Definition BRIC is used to...

The Balance of Trade Definition The balance of trade (BOT) is the...

The Balance of Payments Definition The balance of payments refers to a...

Arrows Impossibility Theorem Defined Arrows Impossibility Theorem is a theory developed by...

Accommodative Monetary Policy Definition Accommodative monetary policy, also known as easy monetary...

CEO Confidence Survey Definition The CEO Confidence Survey is a monthly survey...

Humphrey-Hawkins Act Definition The Humphrey-Hawkins Full Employment Act, more formally known as...

Centrally Planned Economy Definition A planned or centralized economy is one in...

Limited Flexibility Exchange Rate System Definition The International Monetary Fund’s name for...

NAB Business Confidence Index Definition The NAB Business Confidence Index is an...

Network Externalities Definition Network externalities is an economics concept that describes the...

Neoliberalism Definition Neoliberalism is an ideology and policy model that advocates for...

Neoclassical Economics Defined Neoclassical Economics is a dominant economic theory that argues,...

National Average Wage Index Defined The Social Security Administration (SSA) of the...

Capital Formation Defined Capital formation refers to the accumulation of capital goods,...

Ricardo-Barro Effect Definition The Ricardo-Barro Effect is a microeconomic concept that suggests...

Real Effective Exchange Rate (REER) Definition The Real Effective Exchange Rate (REER)...

Harmonized Index of Consumer Prices (HICP) Defined The Harmonized Index of Consumer...

Hyperinflation Definition Hyperinflation is exceptionally fast or unmanageable increase in prices –...

European Capital Markets Institute (ECMI) The European Capital Markets Institute (ECMI) is...

Endogenous Growth Theory Definition The endogenous theory is a financial theory which...

Emergency Economic Stabilization Act of 2008 (EESA) Definition In 2008, Congress took...

Fixed Exchange Rate Definition When the central bank or the government bounds...

Dovish (Fiscal Economy) Explained A Dove is an economic policy adviser who...

Duopoly Definition Duopoly occurs when the total market of a product or...

Demand Side Economics Definition It is a school of economic thought introduced...

Debtor Nation Definition A nation who owes more to the other countries...

Demand-Supply Analysis Explained In a market economy, the level of demand and...

Economies of Scope Definition Economies of scope refer to lowering the average...

Easy Monetary Policy (Monetary Easing) Explained Easy money is an economic term...

Externalities Definition An externality is any positive or negative outcome of an...

Econometrics Definition Econometrics is the use of quantitative statistical methods and mathematics...

Experience Curve Definition The experience curve is also known as Hendersons law....

Empirical Testing Definition Empirical testing is a research method that employs direct...

Gross National Product (GNP) Definition GNP, known as Gross National Product, is...

Gross National Income (GNI) Definition Gross National Income is calculated by adding...

Elasticity of Demand Definition Elasticity of demand is an economic term which...

Emerging Market Definition Emerging markets or emerging economies are states and nations...

Economies of Scale Definition Economies of scale is an economic term that...

Economic Profit Definition Economic Profit is defined as the difference between total...

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