Public economics
Taxation, public spending, externalities and government intervention.
Areas within Public economics
Macroeconomics
Whole-economy activity, inflation, growth and policy.
8 wordsMicroeconomics
Choices, prices, firms, consumers and individual markets.
8 wordsBehavioural economics
How psychology and context affect economic decisions.
0 wordsEconometrics
Statistical methods for analysing economic data.
0 wordsInternational economics
Trade, currencies and economic relationships between countries.
2 wordsPublic economics
Taxation, public spending, public goods and government intervention.
1 wordsGeneral economics
Specialist vocabulary classified under Economics.
80 wordsMicroeconomics
Consumers, firms, prices, incentives and market structure.
173 wordsMacroeconomics
Growth, inflation, unemployment, national output and macroeconomic policy.
331 wordsLabour economics
Employment, wages, labour supply, productivity and labour markets.
120 wordsPublic economics
Taxation, public spending, externalities and government intervention.
105 wordsInternational economics
Trade, exchange rates, global markets and cross-border economic relationships.
85 wordsDevelopment economics
Economic development, poverty, inequality and structural change.
134 wordsBehavioural economics
Psychological influences on economic decisions and behaviour.
85 wordsEconometrics
Statistical methods used to estimate and test economic relationships.
80 words108 featured terms
The database can contain more terms than shown here; this page prioritises the strongest mappings.
the act of paying money
Defraymentnounthe act of paying money
Disbursalnounthe act of spending or disbursing money
Disbursementnounthe act of spending or disbursing money
Economic sciencenounthe branch of social science that deals with the production and distribution and consumption of goods and services and their management
Economicsnounthe branch of social science that deals with the production and distribution and consumption of goods and services and their management
Expendingnounthe act of spending money for goods or services
Expenditurenounthe act of spending money for goods or services
Externalitynounthe quality or state of being outside or directed toward or relating to the outside or exterior; "the outwardness of the world"
Financialadjectiveinvolving financial matters; "fiscal responsibility"
Fiscaladjectiveinvolving financial matters; "fiscal responsibility"
Fiscal policynouna government policy for dealing with the budget (especially with taxation and borrowing)
Goodnounthat which is pleasing or valuable or useful; "weigh the good against the bad"; "among the highest goods of all are happiness and self-realizati…
Goodnessnounthat which is pleasing or valuable or useful; "weigh the good against the bad"; "among the highest goods of all are happiness and self-realizati…
Governmentnoun(government) the system or form by which a community or other political unit is governed; "tyrannical government"
Outlaynounthe act of spending or disbursing money
Outwardnessnounthe quality or state of being outside or directed toward or relating to the outside or exterior; "the outwardness of the world"
Paymentnounthe act of paying money
Policynouna line of argument rationalizing the course of action of a government; "they debated the policy or impolicy of the proposed legislation"
Political economynounthe branch of social science that deals with the production and distribution and consumption of goods and services and their management
Publicadjectivenot private; open to or concerning the people as a whole; "the public good"; "public libraries"; "public funds"; "public parks"; "a public scand…
Public assistancenoungovernmental provision of economic assistance to persons in need; "she lives on welfare"
Redistributionnoundistributing again; "the revolution resulted in a redistribution of wealth"
Revenuenoungovernment income due to taxation
Revenue enhancementnouncharge against a citizen's person or property or activity for the support of government
Social welfarenoungovernmental provision of economic assistance to persons in need; "she lives on welfare"
Spendingnounthe act of spending or disbursing money
Subsidynouna grant paid by a government to an enterprise that benefits the public; "a subsidy for research in artificial intelligence"
Taxnouncharge against a citizen's person or property or activity for the support of government
Tax incomenoungovernment income due to taxation
Tax revenuenoungovernment income due to taxation
Taxationnoungovernment income due to taxation
Taxationnouncharge against a citizen's person or property or activity for the support of government
Transferverblift and reset in another soil or situation; "Transplant the young rice plants"
Transfer paymentnouna public expenditure (as for unemployment compensation or veteran's benefits) that is not for goods and services
Transplantverblift and reset in another soil or situation; "Transplant the young rice plants"
Welfarenoungovernmental provision of economic assistance to persons in need; "she lives on welfare"
Amortisationnounpayment of an obligation in a series of installments or transfers
Amortizationnounpayment of an obligation in a series of installments or transfers
Benefitnounsomething that aids or promotes well-being; "for the benefit of all"
Betternounsomething superior in quality or condition or effect; "a change for the better"
Betternounthe superior one of two alternatives; "chose the better of the two"
Capital gains taxnouna tax on capital gains; "he avoided the capital gains tax by short selling"
Capitationnouna tax levied on the basis of a fixed amount per person
Clericalismnouna policy of supporting the influence and power of the clergy in secular or political matters
Constitutional economicsnounA branch of economics which focuses on the conditions that exist in and choices constrained by the legal framework of a political constitution.;…
Desirabilitynounthe quality of being worthy of desiring
Desirablenessnounthe quality of being worthy of desiring
Dolenounmoney received from the state
Econometricsnounthe application of mathematics and statistics to the study of economic and financial data
Financenounthe branch of economics that studies the management of money and other assets
Income taxnouna personal tax levied on annual income
Macroeconomicsnounthe branch of economics that studies the overall working of a national economy
Managerial economicsnounapplication of the economic concepts and economic analysis to the problems of formulating rational managerial decisions.; "In managerial economi…
Microeconomicsnounthe branch of economics that studies the economy of consumers or households or individual firms
Normative economicsnouna part of economics that expresses value or normative judgments about economic fairness or what the outcome of the economy or goals of public po…
Pavagenouna tax toward paving streets
Planknounan endorsed policy in the platform of a political party
Pogynounmoney received from the state
Positive economicsnounthe branch of economics that concerns the description and explanation of economic phenomena.; "There is a large part of the economics of educati…
Prepaymentnounpayment in advance
Ransomnounpayment for the release of someone
Refundnounthe act of returning money received previously
Reliefnounaid for the aged or indigent or handicapped; "he has been on relief for many years"
Remunerationnounthe act of paying for goods or services or to recompense for losses; "adequate remuneration for his work"
Renderingnoungiving in acknowledgment of obligation
Repaymentnounthe act of returning money received previously
Soundnessnounthe quality of being prudent and sensible
Subventionnoungrant of financial aid as from a government to an educational institution
Supply-side economicsnounthe school of economic theory that stresses the costs of production as a means of stimulating the economy; advocates policies that raise capital…
Tributenounpayment by one nation for protection by another
Welfarenounsomething that aids or promotes well-being; "for the benefit of all"
Wisdomnounthe quality of being prudent and sensible
Wisenessnounthe quality of being prudent and sensible
Worldlinessnounconcern with worldly affairs to the neglect of spiritual needs; "he disliked the worldliness of many bishops around him"
Worthinessnounthe quality or state of having merit or value
Advantagenounbenefit resulting from some event or action; "it turned out to my advantage"; "reaping the rewards of generosity"
Advisabilitynounthe quality of being advisable; "they questioned the advisability of our policy"
Bracket creepnouna movement into a higher tax bracket as taxable income increases
Controlnounthe economic policy of controlling or limiting or curbing prices or wages etc.; "they wanted to repeal all the legislation that imposed economic…
Death dutynouna tax on the estate of the deceased person
Death taxnouna tax on the estate of the deceased person
Dutynouna government tax on imports or exports; "they signed a treaty to lower duties on trade between their countries"
Estate taxnouna tax on the estate of the deceased person
Estimated taxnounincome tax paid periodically on income that is not subject to withholding taxes; based on the taxpayer's predicted tax liability
Excisenouna tax that is measured by the amount of business done (not on property or income from real estate)
FICAnouna tax on employees and employers that is used to fund the Social Security system
Imperialismnouna policy of extending your rule over foreign countries
Inheritance taxnouna tax on the estate of the deceased person
Interestnouna reason for wanting something done; "for your sake"; "died for the sake of his country"; "in the interest of safety"; "in the common interest"
Interferencenouna policy of intervening in the affairs of other countries
Interventionnouna policy of intervening in the affairs of other countries
Laudabilitynounthe quality of being worthy of praise
Laudablenessnounthe quality of being worthy of praise
Meritnounthe quality of being deserving (e.g., deserving assistance); "there were many children whose deservingness he recognized and rewarded"
Monroe doctrinenounan American foreign policy opposing interference in the western hemisphere from outside powers
Nativismnounthe policy of perpetuating native cultures (in opposition to acculturation)
Noninterventionnouna foreign policy of staying out of other countries' disputes
Praiseworthinessnounthe quality of being worthy of praise
Protectionismnounthe policy of imposing duties or quotas on imports in order to protect home industries from overseas competition
Reasonablenessnoungoodness of reason and judgment; "the judiciary is built on the reasonableness of judges"
Rewardnounbenefit resulting from some event or action; "it turned out to my advantage"; "reaping the rewards of generosity"
Sakenouna reason for wanting something done; "for your sake"; "died for the sake of his country"; "in the interest of safety"; "in the common interest"
Supertaxnounan additional tax on certain kinds of income that has already been taxed
Surtaxnounan additional tax on certain kinds of income that has already been taxed
Tariffnouna government tax on imports or exports; "they signed a treaty to lower duties on trade between their countries"
Withholdingnounincome tax withheld from employees' wages and paid directly to the government by the employer
Withholding taxnounincome tax withheld from employees' wages and paid directly to the government by the employer
