Economics is the part and parcel of our everyday life. Imagine a world without exchange, where one has to produce whatever he or she needs, be it clothing, shelter, food… to name the basics. Such a world will obviously not be capable of surviving for long. This is where the role of economics comes in. Economics is a science that is related to the production, distribution and consumption of wealth. This dictionary consists of a myriad of important terms and expressions used in economics. After going through this dictionary, one will be well equipped to venture in the world of economics without having the fear of getting confused with its jargon. This repertoire of terms discusses the economics jargon in simplified and concise terms, explaining the terminology through appropriate examples and illustrations wherever possible and required. The dictionary not only discusses the commonly used economics terms, but also enhances your knowledge of the important personalities in this field, whose contributions have added amply to the subject.
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