There are a number of economic terms, which you come
across in your day to day life but you do not know their meaning. In
some cases you have a vague idea about the meaning of the term but you
do not know its exact meaning.
In such cases you cannot fully appreciate the text or the context in
which that particular term is used and you feel a little left out.
This encyclopedia covers all the important economic terms that are
generally used and explains them in simple and lucid manner. The terms
have been explained keepng in mind that the reader is a layman and not
an economist. The list of terms given in the encyclopedia is not
exhaustive and will be updated from time to time.