the continuous sequence of ups and downs in the economy
What is Business cycle
100
Condition where people aged 16 and over work in return for pay (wage)
What is Employed
100
the money, buildings, machinery, and equipment used to produce goods and services.
What is Capital
100
Exchange of goods and services in a market (domestic exports & imports).
What is Trade
100
A plan for making and spending money; estimate of future income and expenses.
What is Budget
200
refers to the use of resources by businesses, individuals, or government to increase productive capacity by developing new technology, obtaining new capital resources, or improving the skills of the work force
What is Investment
200
money earned from investments and employment.
What is Income
200
all natural resources: including land, water, air, and wildlife.
What is Land
200
The direct exchange of one set of goods or services for another
What is Barter
200
person more that 16 years old who is not working, is available for work, and has made specific efforts to find wor
What is Unemployed
300
may be defined as a rise in the general level of prices in an economy.
What is Inflation
300
study of the production and use of goods and services.
What is Economics
300
economic growth.
What is Expansion
300
an amount of money given to a person for a set period of time; money must be paid back plus lending fee, called interest.
What is Loan
400
The difference between the total revenue and the total cost of a business.
What is Profit
400
an arrangement to receive cash, goods, or services now and pay for them in the future.
What is Credit
400
is defined as the quantity of goods and services produced by an individual, a company, a sector of the economy, or an economy in a given amount of time.
What is Productivity
400
Economic expansion in the business cycle
What is Boom
400
territory covered by a economic cooperative arrangement among two or more nations
What is FTA Free Trade Area
500
When the economy experiences an increase in the actual amount of goods and services produced in a given time,
What is
Economic growth
500
a payment you receive for each sale you make; opposite of a salary where you get paid a fixed amount
What is commission
500
Economic recession in the business cycle
What is Bust
500
an organization of nations whose members have no trade barriers among themselves but impose common trade barriers on nonmembers