Concise Dictionary of Phrases: Terms Frequently Used in Economics and Their Accurate Explanation

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The idea for this dictionary on economic terms originated with the reference books that we have been bringing out. The leading concern was for average students and inquisitive readers who needed to be helped into grasping the meaning of the terms used in books on economics. The dictionary covers almost all the terms that form a part and parcel of economics in simple and easily comprehensible language. In order to enhance the readers’ knowledge and bring about more relevance, many examples and graphs have been used along with the definitions of the terms. The dictionary has been arranged alphabetically A-Z, including new terms that have come into regular use. A number of entries contain cross reference except where the word or phrase is self contained and complete in itself. To simplify understanding, graphs accompany the entry wherever considered necessary. ‘Brief Biographies’ of distinguished economists have also been included. Those mentioned have made important contribution to a particular growth model. The edition also contains popular acronyms. Significant data about economic performance of major sectors of economy and bibliographic references by way of appendices have been included; a list showing the Nobel Prize winners in economics from 1969 to 2012 along with their contribution finds place in the appendices section.