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