Dictionary Of Economics

Economics is the basis of our daily lives, even if we do not always realize it. Whether it is an explanation of how firms work, or people vote, or customers buy, or government subsidises, economists have examined evidence and produced theories which can be checked against practice.This dictionary aims to cover the main aspects of the study of economics, which students will need to learn when studying for examinations at various levels. It would prove to be useful for the general reader who comes across these terms in the financial pages of newspapers as well as in specialist magazines.Every effort has been made to write the entries in a clear and lucid style to provide both straightforward definitions and invaluable background information. At some appropriate places, line drawings have been incorporated to supplement the meaning of a word explained by means of a diagram.This dictionary includes some selected terms concerning to the topics on International Trade, Industry, Finance, Banking, Taxation, Demand and Supply theories of the firm, and Public and Private Companies. The purpose of this Dictionary is to enable the reader, who is not equipped much with the knowledge of economics, to face economic affairs in his day-to-day life.