Gdp
noun
Gross Domestic Product; the total value of goods and services produced....
Fiscal Policy
noun
Government decisions about taxes and spending....
Monetary Policy
noun
Central bank decisions about money supply and interest rates....
Recession
noun
A period when the economy shrinks and fewer people have jobs....
Depression
noun
A severe, prolonged economic downturn with high unemployment....
Stock Market
noun
A place where stocks of companies are bought and sold....
Bond
noun
A loan to a government or company that pays interest....
Investment
noun
Money put into a business or financial product expecting returns....
Capital
noun
Money and resources used to start or operate a business....
Labor
noun
Work and effort provided by workers to produce goods....
Scarcity
noun
Limited supply of something compared to demand....
Opportunity Cost
noun
The value of what you give up by choosing one option....
Marginal Cost
noun
The cost of producing one more unit of a good....
Subsidy
noun
Government money given to businesses or people....
Regulation
noun
Government rules that control business practices....
Monopoly
noun
A market where one company controls all sales of a product....
Competition
noun
When multiple companies offer similar products....
Globalization
noun
The process of worldwide economic and cultural integration....
Trade Deficit
noun
When a country imports more than it exports....
Microeconomics
noun
Economics dealing with individual businesses and consumers....