Cost | | Money needed to start and operate a business |
Land | | Many social services are provided by the government |
GDP | | People willing to risk money and time to run a business |
Wholesale | | The cost of producing and shipping goods |
Resources | | Period of economic slowdown |
Labor | | Rising prices |
Depression | | Economy where government controls production choices |
Infrastructure | | Measures change in wholesales prices |
Capitalism | | Private ownership and free competition |
Economy | | The price that customers pay for goods |
Communism | | Earth and everthing connect to it |
CPI | | The way a nation makes economic choices |
Socialism | | The price that stores pay for goods |
Entrepreneurship | | Economy with little to no government involvement |
Privatization | | All the things used in producing goods |
Unemployment | | Rate that displays the % of people not working |
Recession | | Measures Goods and Services that are produced |
Inflation | | Roads, ports, utilities and telecommunications |
Command | | People who work in the economy |
Retail | | Government contols all aspects of economy |
Market | | Selling government owned businesses to private firms |
Scarcity | | A prolonged recession |
Capital | | Difference between resources and needs plus wants |
PPI | | Measures the change in prices of goods |