Definitions List Saddique Ansari • February 04, 2020 • 1 min read Author bio A Activity rate Ad valorem tax Affordability Index Aggregate demand Aggregate supply Asymmetric information B Balance of payments Buffer stock C Carbon offsetting Choice Carbon tax Circular flow Classical unemployment Cobweb theorem Competition Commission Competitive tendering Concentration ratio Consumer surplus Contractionary policy CPI Current account Cyclical unemployment D Deflation Demand Demerit good Direct taxes Division of labour E Economic growth Economic welfare Equilibrium Exchange rate Expansionary policy Exports External benefit External cost F Factors of production Fiscal boost Fiscal drag Fiscal policy Full employment G Game theory Giffen good Gini co-efficient Government failure H HDI I Imports Inactivity rate Incidence of tax Income effect Indirect taxes Inferior good Inflation Injections Interest rates Investment L Liquidity Liquidity trap Long run aggregate supply Long tail M Market Marginal cost Marginal propensity to consume Market failure Maximum price Merit good Minimum price Monetary policy Monetary policy committee Monopoly Moral hazard Movements and shifts N NAIRU National income National minimum wage Net welfare gain Net welfare loss Nominal wages Normal good Normative statement O Oligopoly Opportunity cost Output gap P Pareto efficiency PED PES Perfect competition Phillips curve Policy conflict Policy instrument Policy objective Positive statement PPF Price Price ceiling Price floor Private benefit Private cost Producer surplus Productivity Productivity gap Public good Q Quantitative easing Quasi public good R Real national income Real wages Recession S Savings Savings rate/ratio Scarcity Social benefit Social cost Specialisation Specific unit taxes Structural unemployment Subsidy Substitution effect Supply Supply shock Supply side policy T The accelerator effect The multiplier effect W Wealth effect Withdrawals X XED Y YED Previous Post UK_budget_2017 Next Post Brexit-and-financial-services
