Vocabulary
Common words first. Switch to Full dictionary for the complete list. Tap a word for details.
Full dictionary · 182,952 · 159121–159160
positive economics
optimal taxation; optimum taxation
Pareto optimum
partial equilibrium
permanent income hypothesis
positive externalities
producer surplus
profit maximization; profit maximisation
regressive tax
proportional tax
public sector
present value
Karnaugh map; Karnaugh diagram (for mapping Boolean expressions)
children
rational expectations hypothesis
rational expectations hypothesis
real GDP
real rate of interest
nominal rate of interest
reservation wage
revealed preference
utility function
utility maximization; utility maximisation
voluntary unemployment
fallacy of composition
welfare economics
imputed price
mint parity; mint par of exchange
purchasing power parity; PPP
gold exchange standard system
near money
cobweb theorem
international liquidity
fixed exchange rate system
final demand
industrial policy
industrial organization
GNP deflator
shadow price
market equilibrium