Prices Change
The rate of increase in prices over time
What is inflation?
The amount of a product or service available for purchase
What is Supply?
Borrowed assets
What is Debt?
A comparison of the projected costs and benefits of an action
What are Costs & Benefits?
An extra tax on goods crossing national boundaries
What is a tariff?
The rate of decrease in prices over time
What is deflation?
A customer's desire to purchase something and their willingness to pay for it
What is Demand?
An entity from which an economic owner can derive benefit(s)
What is an Asset?
A measure of the value of final goods and services
What is a GDP?
What is a Gross Domestic Product?
Something a person or company owns
What is a Liability?
A market with rising prices
What is a Bull Market?
When demand outweighs supply
What is Scarcity?
The speed of changing an asset into money
What is Liquidity?
A financial statement reporting assets, liabilities, and shareholder equity
What is a Balance Sheet?
Separation of work into smaller tasks
What is Division of Labor?
A market with a prolonged price decline
What is a Bear Market?
The income received from the sale of a good or service
What is Revenue?
Percentage amount of a loan a lender charges a borrower
What are Interest Rates?
The 500 leading publicly traded companies in the U.S.
What is the S&P 500?
What is the Standard and Poor 500 Index?
The distribution of a company's earnings to its shareholders
What is a Dividend?
What are "final goods"?
Items produced for direct use by a customer