2 BGU Undertaking | Third Term Questionnaire

• Economic process that is evident when there is an increase in the prices of most of the products and services in a market.

It is the price charged by financial institutions for the loans they grant to those who need credit.

• Credit Interest rate

• Passive Interest rate

It is the price paid by financial institutions authorized by the money that clients deposit during a certain period of time.

• Credit Interest rate

• Passive Interest rate

It is the value of all final goods and services produced in the economy within a territory for a certain period of time.

• Gross Domestic Product

• Time

• Exports

Refers to the overall result of trade that is carried out with other countries, that is, to the difference between imports and merchandise exports.

• Exports

• Imports

• Balance of trade

• The quantity of a good, product, or service.

• It relates to what entrepreneurs are willing to offer in the market at certain prices.

• Supply

• Demand

It is the amount of a certain product or service that consumers are willing to buy at certain prices.

• Supply

• Demand

Mention three factors that generate changes in demand

• clients' income

• price of local/international competition

• price of substitute or complementary goods

• political affiliation

• climate change

Classification of Market | Organize these options into the right categories

Groups:

(a) According to volume

,

(b) According to number of participants

,

(c) According to regulations

• regulated

• deregulated

• perfect competition

• monopoly

• oligopoly

• retail

• wholesale

• It characterizes ideal markets according to the number of participants. There are many sellers and buyers, so none of them can impose the price of the goods. Participants must adjust to prices.