Economic Definition of convex. Defined.
Offline Version: PDF
Term convex Definition: A curve that is 'bowed-out' away the origin, like the side of an upside down mixing bowl. Technically speaking, the slope of a convex curve increases from left to right as the X-axis variable increases.
« contributive standard | core inflation rate »
Permalink: https://glossary.econguru.com/economic-term/convex