Economics is the basis of our daily lives, even if we do not always realise it. Whether it is an explanation of how customers buy, or firms work, or people vote, or governments subsidize, economists have examined evidence and produced theories which can be checked against practice.
This book aims to cover an authoritative and comprehensive dictionary containing Aberrations, Symbols of Economics and Key Economic Terms with clear concise definitions. It covers all aspects of economics including economics theory, microeconomics and macroeconomics, labour economics, public finance, monetary economics, environmental economics and many others. The book contains expanded coverage of common econometric concepts and highlights major theoretical concepts including agency, competition equilibrium. This book is as ideal for browsing as it is useful for quick reference, and it remains an essential guide for teachers and students of economics, business, commerce and finance, as well as professional economists and anyone who has to deal with economic data. The book will also be useful for the general reader who comes across these terms in the financial pages of newspapers as well as in specialist magazines.
The main aspects of the study of economics which students will need to learn when studying for examinations at various levels. Where necessary cross-references are given so that the reader can refer to other comparable entries. I am grateful to Hasina Jabeen Malik for valuable comments on the text .
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