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Macro economics

TermDefinition
Micro economics Opportunity cost
GDP Measure the values if goods of goods and services produced in a country
Supply Chain The network of people and entities who are involved in creating a product and delivering it to its consumer
Inflation the overall upward price movement of goods and services in an economy
Deflation the overall downward price movement of goods and services in an economy
Economic expansion Is when a country or region's economy grows
Economic Recession A significant, widespread, and prolonged downturn in economic activity.
Economic Depression A steep and sustained drop in economic activity featuring high unemployment and negative GDP growth.
Fiscal Policy The use of government spending and taxation to influence the economy.
Monetary Policy A set of actions to control a nation's overall money supply and achieve economic growth.
Created by: Spencer Enderson
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