Economic Indicators
A sustained increase in prices from one year to the next.
What is inflation?
The total amount of money a country has borrowed.
What is national debt?
A symbol or design that helps customers recognize a company.
What is a logo?
This is the term for the resources used to produce goods and services, such as land, labour, and capital.
What are the Factors of Production?
This planet is known as the Red Planet.
What is Mars?
An increase in the production of goods and services in an economy over a specific period of time
What is economic growth?
Total value of all new goods and services produced in a country in a year.
What is national income?
This “P” of marketing refers to how much something costs.
Ireland uses this type of economy, combining private business with government involvement.
What is a Mixed Economy?
This animal is the fastest land animal in the world.
What is a Cheetah?
The total number of people willing and available to work in an economy.
What is the Labour Force?
The cost of borrowing money or reward for saving money expressed as a percentage of the money borrowed or saved.
What are interest rates?
This type of advertising uses websites like Instagram, TikTok, and Facebook to promote products.
What is Social Media Marketing?
In this system, businesses are mostly owned by private individuals and companies.
What is a Free Market Economy?
This country gifted the Statue of Liberty to the United States.
What is France?
Inflation caused by the rise in or excess of the demand for a good or service.
What is demand pull inflation?
What is gross domestic product?
This marketing strategy involves charging a low introductory price to quickly attract customers and gain market share before increasing prices later.
What is Penetration Pricing?
In this economic system, the government makes most business decisions.
What is a command/centrally planned economy?
This scientist developed the theory of relativity.
Who is Albert Einstein?
The payment of interest on national debt.
What is debt servicing?
When a recession is severe and lasts for a long period of time.
What is an economic depression?
A type of promotion where a business pays for its products or logos to be featured in entertainment media such as films and games.
What is Product Placement?
Illustrates how money continuously moves between households and businesses.
What is the Circular Flow of Income?
This football team plays its home matches in Stamford Bridge.
What is Chelsea FC?