A Comprehensive Dictionary of Economics (Nelson Brian) {S-B}.pdf

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ECONOMICS
Chief Editor
&
Compiler:
Nelson Brian
~
ABHISHEK
All rights reserved. No part of this book may be reproduced in any
form, electronically or otherwise, in print, photoprint, micro film or
by any other means without written permission from the publisher.
ISBN
ISBN
Copyright
First Edition
: 978-81-8247-031-6
8/ -8247-03
/-5
Publisher
2009
2004
Published by
ABHISHEK PUBLICATIONS,
S.C.O. 57-59, Sector 17-C,
CHANDIGARH-1600 17 (India)
Ph.-2707562,Fax-OI72-2704668
Email: abhpub@yahoo.com
Concept
&
Design by
Xact Ad 'N' Art Studio, Delhi
Pri1lted at
:
Balaji Offset, Naveen Shadra, Delhi-32
Preface
Economics is the science that deals with the production,
distribution and consumption of wealth. It studies the
various problems oflabour, finance, taxation, etc. and tries
to find a solution or the best possible way to tackle these
problems. The subject not only deals with the present and
future growth of a country's economy at the micro level,
like the consumption of a household or an individual [trm,
but also studies the same at a bigger and more complex
level or the macro level, like the national income or the
production of an industry. The job of the economists is to
identify the
economic
problems of a country's economy
and find solutions for the same, thereby promoting a healthy
and smooth economic growth.
There are two schools of thoughts in economics, viz. the
Classical and the Modern. The economists belonging to
these two schools have contributed a lot in the field of
economics through a number of theories. But, as the hu-
man wants are endless, so are the economic problems un-
ending and therefore, economists are continuously work-
ing towards finding solutions for these new problems.
The dictionary is made with the intent of providing the
readers with a handy referral for the terminology used in
the subject. 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 pictures have been used along with the defi-
nitions of the terms.

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