The Penguin Dictionary of Economics explains a host of economic terms, from acceleration principle to venture capital, Euro to X-efficiency, globalisation to zero-sum game. Wide-ranging and accessible, this detailed practical and international guide will be indispensable for students of economics and professionals (in business, finance or the public sector), and for anyone wishing to follow economic discussions in the media today.

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Evan Davies is BBC economics editor. Graham Bannock runs his own economic research and consulting company in London. Ron Baxter is a director of economics consultants Baxter Eadier Ltd.

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