The English language is full of complex economic terms and concepts, making it difficult to understand without the help of a dictionary. The best English dictionary of economics is undoubtedly the Oxford English Dictionary. This comprehensive reference work offers detailed explanations of key economic terms, from basic concepts to more advanced topics, along with comprehensive etymologies and usage examples. With its comprehensive coverage and easy-to-use search functions, the Oxford English Dictionary is an invaluable resource for anyone looking to gain a better understanding of economics. Whether you’re a student or a professional, the Oxford English Dictionary will help you take your economic knowledge to the next level.
Posts by tag: economics
April 20, 2023
What is the best English dictionary of economics?
April 4, 2023
What does a negative interest rate mean?
A negative interest rate is a situation in which a borrower pays the lender instead of the other way around. This means that instead of receiving interest, the lender pays the borrower a fee for holding their money. This type of rate is usually used as a last resort to stimulate economic growth and is seen as a sign of a struggling economy. Negative interest rates can have a damaging effect on savings, investments, and currency values. It can also lead to increased borrowing costs and reduced spending, which can further weaken an economy. Therefore, negative interest rates should be used as a last resort to kickstart an economy, and it is important to weigh the consequences carefully before implementing them.