127 - Economics Vocab

The desire consumers have for a good or service

• Inflation

• Demand

• Unemployment

• Supply

Downturns in the economy that can be measured by a number of indicators

• Interest rates

• Inflation

• Government revenue

• Recession

Involuntary fees levied on individuals or corporations and enforced by a government entity—whether local, regional, or national—in order to finance government activities

• Government revenue

• Disposable income

• Taxes

• Interest rate

The total amount of a good or service available for consumption

• Supply

• Taxes

• Demand

• Revenue

Occurs when a person who is actively searching for employment is unable to find work.

• Free-enterprise economy

• Inflation

• Taxes

• Unemployment

Business can be conducted freely with little government interference

• Inflation

• Free-enterprise economy

• Communism

• Government revenue

The general rise in prices

• Recession

• Disposable income

• Inflation

• Taxes

The cost of borrowing money expressed as the percentage of the loan amount

• Interest rate

• GDP

• Taxes

• Free-enterprise system

The total amount of money a government makes, mostly through the collection of taxes

• Taxes

• Interest rates

• Unemployment

• Government revenue

The total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period

• Taxes

• GDP

• Government revenue