A post which an employer intends to fill if a suitable applicant appears. The number of job vacancy is difficult to measure, as there is no one standard method of advertising or filling them. Job information is circulated by official and private employment agencies, public advertisement, and word of mouth among present and past employees. While some employers have very clear-cut ideas on how many vacancies they wish to fill, others follow an elastic policy, taking on promising candidates as they appear.

• local authority housing
• local content
• local government
• local maximum
• local minimum
• location
• lock-out
• locomotive principle
• logarithm
• logarithmic scale
• logistic curve
• log-linear function
• log-normal distribution
• log-rolling
• Lomé Convention
• London Inter Bank Offered Rate
• London International Financial Futures and Options Exchange
• long-dated security
• long position
• long rate
• long run
• long-run average cost
• long-run marginal cost
• long-run Phillips curve
• long-term interest rate