The Compact Dictionary of Economics has been a valuable resource for professionals and students for decades, aimed at anyone interested in the connections within the economy. It focuses on the essentials of economic terms and clarifies their meaning and significance. In a concise and precise manner, it defines more than 5,400 entries from the fields of management, organization, personnel, financing, banking, stock market, insurance, accounting, controlling, taxes, trade, marketing, production, logistics, mathematics, statistics, economics, and law. With its expanded vocabulary, it offers a very broad spectrum of the most commonly used terms in business and economics. Numerous references complement the explanations and illustrate connections. This 12th edition has been completely reviewed and updated.