An industrial action by employers, where workers are excluded from their workplace and pay without being dismissed.

The principle describing how growth in leading sectors or countries can drive wider economic expansion.

A function in which the logarithm of the dependent variable is linear in the logarithm of its argument.

A specialized probability distribution of a random variable such that its logarithm is normally distributed, typically resulting from multiplicative effects.

Detailed exploration of log-rolling, a practice in legislative bodies involving strategic voting to pass measures benefiting specific constituencies.

A detailed exploration of the logarithmic scale, its uses, and meanings in economic analysis.

A curve reflecting the change over time of a variable with limits in economic phenomena

A continuous probability distribution with an S-shaped cumulative function, widely used in econometrics.

A statistical model used for predicting the probability of a binary outcome.

A statistical model used for predicting the probability of a binary outcome.

An international agreement reached in 1975 by the European Economic Community granting associate status to French overseas territories.

LIBOR: The benchmark rate meaning and implications

London International Financial Futures and Options Exchange (LIFFE) - A financial futures market opened in London in 1982, instrumental in trading a variety of financial instruments, including options and futures contracts on government bonds, stock indices, currencies, and interest rates. It merged with London Traded Options Market in 1992 and is now part of NYSE Euronext.

A comprehensive entry on the London Stock Exchange, detailing its definition, historical significance, and major analytical frameworks.

A situation where market participants hold a positive quantity of a commodity or asset, anticipating a rise in their prices.

An in-depth look at the long rate, focusing on its definition, meaning, historical context, and major analytical frameworks.

Understanding the long run in economic analysis, where all variables can be changed.

A thorough examination of long-dated security, its definitions, implications, and importance in economics.

Definition and explanation of long-run average cost (LRAC) in economics.

Definition and detailed explanation of long-run marginal cost in economics.

A curve depicting the long-term relationship between inflation and unemployment.

Comprehensive support measures and services required for prolonged personal and health care.

The rate of interest paid on government securities with a period to maturity of ten years or above.

The economics term 'long-term unemployment' explicates a period of unemployment lasting more than one year and its associated economic implications and policy considerations.

A graph representing income or wealth distribution in a population

A graph representing income or wealth distribution in a population

The result of a business operation where expenditures exceed receipts, leading to a reduction in a business's capital.

Loss leader refers to a pricing strategy where a product is sold at a low price, often below cost, to attract customers who will then purchase additional, higher-margin products.

An agreement reached in February 1987 between the G6 industrial countries concerning exchange rates stabilization.

The argument that government policies should consider how decision rules of private agents change with policy changes.

The belief that the number of jobs in an economy is fixed, and the economic analysis disproving this belief.

A fixed tax amount that does not depend on a taxpayer's choices; a benchmark for non-distortionary taxation.

A term in economics referring to the quality of being indivisible or not able to be broken down into smaller units.

Luxury: Definition and Meaning in Economics