Vocab
It is a periodic payment for the use of borrowed funds; typically paid on a loan
What is interest?
This tool is the variation of one's stock portfolio, typically to add stability
What is diversification?
Banks have cash flow, as well as profit, due to this process that many people partake in, such as for tuition, cars, or houses
What is a loan?
This mostly fictitious market structure runs solely off of Supply and Demand, mainly because its main characteristic is no barriers to entry
What is Perfect Competition?
Anyone who wishes to create, finance, or manage a business is called this term
What is an entrepreneur?
An investment in the ownership of a public business, typically measured in shares
What is a stock?
Used to describe markets that are thriving, it refers to a long period of rapid market growth
What is a bull market?
The required payments one must make in a set period of time, they are non-negotiable such as food, housing or insurance
What is the cost of living?
This market structure, much like it's board game, is aimed at making only one person in charge of an entire market
What is a monopoly?
A business that has a social statement as its main focus, more so than profit maximization
What is a nonprofit?
This is a term for a market of poor performance, as well as a Chicago team's mascot
What is a Bear market?
Anyone who owns a stock is referred to as this term
Who is a Shareholder?
The act of creating a plan for saving and spending money, as well as taking action to save
What is budgeting?
Where most markets exist in today's economy, it is defined by its slight curved lines and small barriers to entry.
What is Monopolistic Competition?
Commonly found in fast food, this business structure is unique for is selling of a business' IP for monetary gain
What is a franchise?
The period before inflation occurs, typically seen as a flatlining of rates before the sharp spike
What is stagflation?
What is a Dividend?
This is a sharp period of inflation, which is so severe cash begins to have less value than the paper it is printed with
What is hyperinflation?
This funny sounding market structure is defined by its high barriers to entry, as well as the only environment in which collusion can exist
What is an oligopoly?
What is a start-up?
In economic terms, it is a group of people refusing to buy from a person or place, usually for social, political, cultural, or environmental reasons
What is Boycotting?
When bear markets exist for too long, they can lead to retractions in the economy, commonly referred to by this name
What is a recession?
By far the safest form of investment one can make, this long-form investment can outpace many stable stocks in the long run due to being inflation proof
What is a bond?
This legal document is one of the main ways monopolies exist in today's economy.
What is a patent?
A business model designed around individual ownership and management, best ran in small,"Mom and Pop" shop designs
What is a sole proprietorship?