GED Economics vocab Word Scramble
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Term | Meaning |
consumer | one who buys a product or service from someone else |
credit | money available to borrow with the promise of repayment |
debit card | a card that subtracts money directly from a checking account |
demand | what comsumers or businesses will buy of a particular good or service at a given price |
export | to sell goods produced in one's own country to those in another country |
gross domestic product | the value of a nation's production of goods and services during a particular year |
import | to bring one's own country goods from another country |
inflation | a period during which prices of many items rise sharply and continually |
interest rate | the amount of money a loan will cost, usually given in a percentage of the borrowed money that will be paid back every year |
monopoly | a business that is the only one providing a certain good or service |
producer | one who makes a product for others to buy |
stock market | a place where investors buy and sell shares of stock in major corporations |
strike | a work stoppage intended to force an employer to respond to workers' demands |
supply | what producers will provide of a particular good or service for sale at a given price |
tariff | a tax on imported goods |
trust | relating to economics, a combination of companies that are under one organization's control |
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