Key terms for economics
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
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| economy | show 🗑
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| show | an insufficient supply (shortage). This is a basic economic problems that arise because people have unlimited wants but resources are limited
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| show | an economic system in which economic decisions and pricing of goods and services are guided soley by natural force in our society such as competition
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| command economy | show 🗑
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| revenue | show 🗑
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| show | a debt investment in which an investor loans money to; last for a long time before you can use it
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| show | a market in which shares are issued and traded either through exchange or over the counter markets; provides companies we access to capital and investers w/o slice ownership of the company
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| show | a share in ownership of a company
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| show | the process of selecting investments with a higher risk in order to profit from an anticipated price movement
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| consumer | show 🗑
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| consumer price index (CPI) | show 🗑
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| show | workers considered as a group
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| show | bargain with management to protect the interest of a group
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| show | the total labor force that is unemployed but looking for a job
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| income | show 🗑
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| wealth | show 🗑
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| show | industrial manufacture of goods whereby each worker creates on piece or part of the overal finished goods
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| profit | show 🗑
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| show | when someone owes; amount of money borrowed by one party from another
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| show | the amount by which expenses exceeded income
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| inflation | show 🗑
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| deflation | show 🗑
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| recession | show 🗑
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| show | a severe prolonged recession characterized by inefficient economic productivity, high unemployment, and falling price levels
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| gross domestic product (GDP) | show 🗑
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Created by:
tbozarth
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