subject collection
Economics terms everyone should know
Practical vocabulary for understanding markets, policy and the economy.
Scarcitynoun
Core Economics term with a plain-English definition.
Opportunity costnounCore Economics term with a plain-English definition.
InflationnounCore Economics term with a plain-English definition.
DeflationnounCore Economics term with a plain-English definition.
Gross domestic productnounCore Economics term with a plain-English definition.
ProductivitynounCore Economics term with a plain-English definition.
ElasticitynounCore Economics term with a plain-English definition.
ExternalitynounCore Economics term with a plain-English definition.
Monetary policynounCore Economics term with a plain-English definition.
Fiscal policynounCore Economics term with a plain-English definition.
RecessionnounCore Economics term with a plain-English definition.
LiquiditynounCore Economics term with a plain-English definition.