Economics - Categories - Financial Terms Dictionary

Abenomics

September 20, 20221 min read Economics Government & Policy Guide to Microeconomics Dictionary

Abenomics is a set of economic policies championed by Japanese Prime Minister Shinzo Abe when he came to power for the second time in 2012.

Absolute Advantage

September 20, 20221 min read Economics Macroeconomics Dictionary

An absolute advantage is when a manufacturer can provide a greater quantity of a product or service for the same price or the same quantity at a lower price than its competitors.

Adhesion Contract

September 20, 20221 min read Economics Guide to Microeconomics Dictionary

Affiliation contracts are “take it or leave it” agreements where you have to accept or reject the contract as a whole.

Adjudication

September 20, 20221 min read Economics Guide to Microeconomics Laws & Regulations Dictionary

Litigation is the process by which the judge of the court resolves disputes between two parties.

Adverse Selection

September 20, 20221 min read Economics Dictionary

Adverse selection is when sellers have information that buyers do not, or vice versa, about some aspect of product quality.

Aggregate Demand

September 20, 20221 min read Economics Macroeconomics Dictionary

Aggregate demand measures the total demand for all finished goods and services produced in an economy.

Aggregate Supply

September 20, 20221 min read Economics Macroeconomics Dictionary

All goods produced at a certain price in a certain period represent the aggregate supply.

Anchoring and Adjustment

September 20, 20221 min read Behavioral Economics Economics Dictionary

Anchor and Adjust is a cognitive heuristic where a person starts from an initial idea and adjusts their beliefs based on that starting point.

Animal Spirits

September 20, 20221 min read Behavioral Economics Economics Dictionary

Animal spirits come from the Latin spiritus animalis: “breath that awakens the human mind.” It was introduced by the British economist John Maynard Keynes in 1936.

Applied Economics

September 20, 20221 min read Economics Dictionary

Applied economics is the use of ideas derived from economic theory and research to make better decisions and solve real problems.

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