Glossary

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Looking for a quick definition?

We’ve got loads of key subject terms in our subject glossaries. There are three ways of finding what you are looking for:

  • First click on the letters of the alphabet to browse for terms.
  • Select a subject from the drop-down menu above to filter the terms by Subject.
  • Or lastly, type the term you are looking for into the search box.

EXAMPLES

Here are some examples of the kinds of definitions you’ll find on this page.

Subject:

the fraction or proportion of income that households spend on consumption

Subject:

the change in the firm's total revenue as a result of selling an extra unit of output

Subject:

the value of the output produced by each additional worker.

Subject:

the amount of satisfaction a consumer gets from consuming or possessing an additional identical...

Subject:

people who have a smaller ability to find a job or to earn an income; these include the poor;...

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