Economic Terms is a practical glossary where you will learn about economics, its foundational topics, and concepts. This book compiles a list of over 150 most common terms you’re likely to encounter. Every economic term is explained in detail, with a clear and concise article style description and practical examples. This dictionary also covers schools of economic thought. Two of the most common are Classical and Keynesian. Economic indicators are reports that detail a country's economic performance in a specific area.