Economics
Entrepreneurship
Need vs Want
100

the general rise in prices throughout an economy?

what is inflation?

100

the activities involved in buying and selling goods on a large scale

what is commerce?

100

a system and marketplace for buying and selling stocks

What is a Stock Market?

200

the general decline in prices throughout an economy?

what is deflation?

200

the tax and spending decisions made by the president and Congress

what is Fiscal Policy?

200

 a certificate of debt issued by an organization or government

What is a Bond?

300

the amount a borrower pays to a lender for a loan?

what is interest?

300

a market structure with one business that has complete control of a market’s entire supply of goods or services

what is a Monopoly?
300

Lowest stage of a business cycle 

What is a Trough?

400

the people in a nation who are capable of working and want to work

what is Labor force?

400

what promotes fair trade and competition among businesses?

What is Antitrust laws?

400

the supply of money and interest rates by a central bank in an economy

What is Monetary Policy?

500

the percentage of the civilian labor force that is unemployed

what is Unemployment rate?

500

when a lower price is the main reason for customers to buy from one business over another it is called?

What is Price Competition?
500

When two or more businesses work together to remove their competition

What is Collusion?