Dictionary of Economics

This dictionary aims to provide students with a well-balanced, comprehensive and up-to-date reference work to assist in their first studies in economics. The coverage of both basic economic concepts and specialized jargon is wide-ranging, and recent developments in the domestic economy and the international arena are described concisely. In order to aid understanding, practical illustrations of technical definitions are provided. Similarly, connections and relationships between various terms are made explicit, as are usages in different contexts.;The text keeps pace with changes in the domestic economy, arising from privatization and social policy changes. It also takes into account changes in the international arena, including new Eastern European economic institutions. Clear distinctions are made between the meaning of a term in economic theroy and in business strategy, and recently coined terms, such as green economics are included.;It is suitable for A-Level, HND and first-year undegraduate students taking economics as a major subject or as part of a business or accounting course, and informed lay people seeking to broaden their knowledge of economic affairs.