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Economic Definition of speculation. Defined. Term speculation Definition: Buying an asset with the intent of reselling it later at a higher price. The purpose of speculation is simply to buy low today and sell high tomorrow. Those who engage in speculation have no reason for buying the asset, other than resale at a later time.
1. monetarism-an economic theory holding that variations in unemployment and the rate of inflation are usually caused by changes in the supply of money. economic theory - (economics) a theory of commercial activities (such as the production and consumption of goods).