Core Concepts
This word describes a company's specific, specialized segment of the market. Starts with V
What is a Venture?
This word describes a company's specific, specialized segment of the market. Starts with N
What is a Niche?
This is the basic physical systems, like roads and power grids, a country needs to operate. Starts with I
What is Infrastructure?
These are official rules or orders set by a government authority. Starts with R
What are Regulations?
This is a general decrease in the price level of goods and services. Starts with D
What is Deflation?
This is the act of drawing something quickly to capture a basic idea. Starts with S
What is Sketching?
This adjective describes a business that has a physical presence, like a storefront. 2 words, something & something
What is Brick and Mortar?
This is the natural fluctuation of the economy between expansion and contraction. B.C.
What is the Business Cycle?
This is a government's financial plan for taxation and spending. Starts with B
What is a Budget?
This occurs when the unregulated market leads to an inefficient outcome. 2 words, M.F.
What is Market Failure?
This word means to arrange things so they match or are in agreement. Starts with A
What is Align?
To grow or develop well and vigorously in a competitive market. Starts with T
What is Thrive?
An economic system where trade is controlled by private owners for profit.
What is Capitalism?
This policy involves government spending and taxation to influence the economy. 2 words, starts with F
What is Fiscal Policy?
This is the total value of goods and services produced in a country in a year. Starts with G
What is Gross Domestic Product (GDP)?
A person who is not discouraged by difficulty or problems. Starts with Un_____
What is Undeterred?
A phrase meaning "in summary" or "in the fewest words." In a ?
What is "In a nutshell"?
An economic system where the government owns all property and makes all decisions.
What is Communism?
A financial incentive given by the government to support an industry. Starts with S
What is a Subsidy?
This describes when a currency loses value relative to another. 3 words
What is Exchange Rate Depreciation?
A natural feeling or way of behaving that you are born with. Starts with I
What is Instinct?
Costs of a transaction that affect other parties not directly involved. E.C.
What are External Costs?
An economic system where the government owns and controls key industries.
What is Socialism?
This describes when a government's spending exceeds its revenue. 2 words, starts with B
What is a Budget Deficit?
The central bank's process of controlling the money supply and interest rates. 2 words, starts with M
What is Monetary Policy?