Home > Blossary: sophisticated terms of economic theory
These are complex terms used in in-depth economic thesis. This glossary will help you at a meaningful level in learning economic theory.

Category: Business

20 Terms

Created by: zzcgood

Number of Blossarys: 7

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Assets that are highly liquid, and can be easily exchanged for money, but can not be used directly to purchase goods. The best examples are savings accounts, certificates of deposit, and similar bank ...

Domain: Economy; Category: Economics

Personal consumption expenditures on tangible goods that tend to last for less than a year. Common examples are food, clothing, and gasoline. This is one of three categories of personal consumption ...

Domain: Economy; Category: Economics

A (hypothetical) method of banking in which banks keep 0 percent of their deposits in the form of bank reserves, meaning that ALL deposits are used for interest-paying loans. No-reserve banking is ...

Domain: Economy; Category: Economics

A good bought by consumers that tends to last for less than a year. Common examples are food and clothing. The notable thing about nondurable goods is that consumers tend to continue buying them ...

Domain: Economy; Category: Economics

Any sort of trade barrier--other than a tariff or import quota--that restricts imports. Some of the more popular nontariff barriers are those that specify the content of a good or how it was ...

Domain: Economy; Category: Economics

The four aggregate sectors of the macroeconomy--household, business, government, and foreign--that reflect four key macroeconomic functions and are responsible for four expenditures on gross domestic ...

Domain: Economy; Category: Economics

Unemployed workers who have been involuntarily laid off or fired from their jobs. This is one of the official categories or unemployed workers tracted by the Bureau of Labor Statistics when compiling ...

Domain: Economy; Category: Economics

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