Economics Friday

The total value of goods and services in the economy

The persistent rise in the general price level over time

A fall in the rate of inflation

When prices rise due to increase demand for goods and services

When rising input costs, force up a company's costs

The price of money, the return for saving money

Those people of working age who are not looking for work for a variety of reasons

Number of people collecting JSA or other government benefits

When demand changes to render skills no longer relevant

Insufficient demand in the economy for all workers who wish to work and current rates. (Economic cycle)