1
Money used to invest in something that will pay you back.
Capital
Economic system where free peoiple make their own decisions about what to buy and what to sell and at what price.
Capitalism
When the price of something matches up with the demand.
A long-term slow-down in economic activity
Depression
When you plan on how money will be spent.
Budget
Supplies needed by a factory to make finished goods.
Producer Goods
Economic system where government owns large portions of certain industries and charges high taxes to pay for social services.
Socialism
Another word for business owner
Entrepreneur
Fiscal Policy is used to affect ...
Taxes
The measure of people who are out of work.
Unemployment
Finished goods purchased by the consumer.
Consumer Goods
Economic system where there is no private property, and all economic decisions are made by the government, not the individual.
Communism
Revenues
- Expenses
= ?
Profits
Monetary Policy is used to affect ...
Interest Rates
Institutions that enable customers to save their money in a safe place and to take out loans for personal needs.
Bank
Prices are determined by ...
Supply and demand
When something is in low supply then is it is ...
Scarce
When government prints up too much money resulting in the loss of purchasing power of the dollar.
Inflation
A percentage of ownership in a company that is publicly traded on a stock exchange
Stocks - or - Shares - or - Equities - Securities
A place where people buy and sell stocks, whether in person or on line.
A stock market
Economics is defined as ...
Managing limited (scarce) resources.
When supply exceeds demand
Surplus
A short-term slowdown across the economy...
Recession
A certificate sold by a business or by a government; it represents a loan made by the holder of the certificate to that business or government.
Bond
A percentage of a laon amount which is paid by the borrower.
Interest Rate