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Economics Terms Lexicon
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Economics Terms Lexicon
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Definitions
E
Expenditure
Spending by consumers, investors, or the government on real goods, services, and various transfers.
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Expenditure and Food Survey
A comprehensive survey of household expenditure and food consumption in the UK, operational from 2001 to 2008.
Read more about Expenditure and Food Survey.
Expenditure Changing
An economic policy intended to change total expenditure through various fiscal and monetary measures.
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Expenditure Function
Microeconomics
The minimum spending needed to reach a given utility level at given prices.
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Expenditure Function
The minimum cost for a consumer of achieving a given utility level.
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Expenditure Method
Method of calculating domestic product using expenditure data from various economic sectors.
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Expenditure Switching
Definition and analysis of the economic term 'Expenditure Switching'
Read more about Expenditure Switching.
Expenditure Tax
A tax levied on the value of expenditure and also known as a consumption tax. It is seen as an alternative to income tax for personal taxation.
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Expenditure-Based Deflator
An economics term describing a price index reflecting expenditure shares of different goods and services, including import prices and excluding export prices.
Read more about Expenditure-Based Deflator.
Experimental Economics
A field of economics that uses controlled experiments to test and estimate economic models.
Read more about Experimental Economics.
Exponential Distribution
An overview of the exponential distribution, a special case of the gamma distribution, used in various statistical applications.
Read more about Exponential Distribution.
Exponential Distribution
An overview of the exponential distribution, a special case of the gamma distribution, used in various statistical applications.
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Exponential Smoothing
A forecast technique based on the weighted average of past values with exponentially declining weights.
Read more about Exponential Smoothing.
Export Concentration
An overview of the concept of export concentration, its definition, implications, and analytical frameworks.
Read more about Export Concentration.
Export Control
A comprehensive analysis of export controls and their implications in economics.
Read more about Export Control.
Export Credit
The system of selling exports on credit rather than for cash payment.
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Export Credit Agency
An institution that provides credit or guarantees to support export transactions, often involving state subsidies.
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Export Credits Guarantee Department
An overview of the Export Credits Guarantee Department (ECGD), its roles in the UK government, and its impact on international trade.
Read more about Export Credits Guarantee Department.
Export Incentives
An entry discussing the various devices used to encourage exports in different countries.
Read more about Export Incentives.
Export Promotion
An overview of export promotion, its historical context, definitions, and frameworks in economics.
Read more about Export Promotion.
Export Subsidy
An exploration of export subsidies in economics, including their definition, historical context, and implications on international trade.
Read more about Export Subsidy.
Export Surplus
An analysis and definition of 'export surplus,' including its historical context, various analytical frameworks, and related economic concepts.
Read more about Export Surplus.
Export-led Growth
Growth in which exports increase faster than other components of national expenditure.
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Export–Import Bank
An agency of the US federal government set up to promote US trade by providing finance, guarantees, or insurance for private loans.
Read more about Export–Import Bank.
Exportables
Goods and services of types which could be exported, whether they are in fact exported or not.
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Exports
Goods and services produced in a country and sold to non-residents. Comprises visible and invisible exports, as well as capital exports.
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Exposure to Risk
A detailed exploration of the term 'Exposure to Risk,' its definition, historical context, and associated key concepts in economics.
Read more about Exposure to Risk.
Extensive Form
A comprehensive entry defining the extensive form in game theory, including its meaning and application.
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Extensive Margin
The margin affected by a discrete change in the level at which an activity is undertaken.
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External Balance
A sustainable pattern of transactions with the rest of the world.
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External Diseconomies of Scale
An analysis of external diseconomies of scale, mechanisms involved, and their impact across various economic theories.
Read more about External Diseconomies of Scale.
external economies of scale
An exploration of external economies of scale, where industry growth reduces production costs across all firms.
Read more about external economies of scale.
External Labour Market
The system by which recruitment for senior appointments in an organization is mainly by open competition.
Read more about External Labour Market.
externality
A comprehensive overview of the economic concept of externality, including its types and implications.
Read more about externality.
Extrapolation
Extrapolation: Construction of new data points outside the given set of existing data points
Read more about Extrapolation.
Extrapolative Expectations
Expectations about future economic variables based on past values and trends.
Read more about Extrapolative Expectations.
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