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Glossary of economics

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This glossary of economics is list of definitions about economics, its sub-disciplines, and related fields.


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  • Housing starts – The number of new houses being built during a period of time.
  • Hyperinflation – Monetary inflation occurring at an extremely high rate.

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  • Underemployment – Working at a job for which one is overqualified, or working part-time when full-time work is desired.
  • Unemployment – Underutilization of a factor of production, including labor.
  • Uniform
    is a type of clothing worn by members of an organization while participating in that organization's activity.
  • Unit of account
  • Unitary elastic
  • Unskilled labor – Labor that requires no specialized skills, education, or training.
  • Utility – Usefulness of a good or service in order to satisfy a need or a want.

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