Business and Finance - Economy
Study terms related to economic systems, markets, trade, taxation, inflation, public finance, financial crises, and global institutions.
Review
Flashcards
Spelling
Quiz
the study of how money, goods, and resources are produced, distributed, and used in a country or society
a professional who studies and analyzes economic theories, trends, and data to provide insights into economic issues
an economic and political system in which industry, businesses, and properties belong to the private sector rather than the government
a sudden decrease in something's value, such as a price or stock
(economics) to lose value suddenly and significantly
the type or system of money that is used by a country
a time of little economic activity and high unemployment, which lasts for a long time
a hard time in a country's economy characterized by a reduction in employment, production, and trade
a drop in market and business activities
an economic system that is not operated by the government rather by free competition and supply and demand
a system of international trading in which there are no restrictions or taxes on goods bought or sold
the set of principles that support producers in developing countries by making sure that international labor laws are observed
the interconnected economies of all countries viewed as a single unified system
a tax paid to the government each year by a business or an individual based on their income
the ongoing increase in the general price level of goods and services in an economy over a period of time
(economics) a decrease in the amount of money in an economy, resulting in falling or unchanged prices
a situation in which one organization or entity exclusively controls the production, distribution, or trade of a product or service, making other rivals unable to compete
the total amount of money owed by a national government, excluding debts of individuals, businesses, or local governments
a group of shares that a person or organization owns
the part of the economy that is run by private individuals or companies, rather than the government, and aims to make a profit
the part of the economy that is controlled and funded by the government, providing services like healthcare, education, and transportation
the total amount of money spent by a government on public services and infrastructure
a place in which shares and stocks are traded
the business of trading and exchanging shares of different companies
the relationship between the amount of goods or services that are available and the amount that people want to buy, especially when this controls prices
a tax paid on goods imported or exported
a sum of money that has to be paid, based on one's income, to the government so it can provide people with different kinds of public services
to estimate how much money something will cost
the illegal purchase and selling of goods in high price, ofen in an unreasonable price
a rapid trend of increase in prices that eventually leads to a collapse
relating to government revenue or public money, especially taxes
financial assets in the form of money or able to be easily converted into money
a UN agency that promotes international monetary cooperation and exchange rate stability
a UN agency that provides loans and financial assistance to developing countries
