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Economics: Common Terms
30 words
Word Image
Economics: Common Terms
30 words
enterprise
(n)
a project or plan
Free enterprise leads to competition for business.
money
(n)
a medium of exchange that includes bills and coins
The man received money.
The man received money.
entrepreneur
(n)
a person who sets up and organizes a business
Entrepreneurs change the world with their ideas.
Entrepreneurs change the world with their ideas.
tax
(n)
a sum of money paid to the government on income, goods, or services to pay for national services
The business pays thirty percent tax on all profits.
The business pays thirty percent tax on all profits.
export
(n)
import
(n)
loss
(n)
a reduction, losing something
inflation
(n)
an increase in prices related to fluctuations in currency and money
Gross Domestic Product
(n)
a common way of measuring the size of a country's economy
deflation
(n)
a decrease in prices related to fluctuations in currency and money
supply
(n)
a stream of goods that are available
trade
(v)
to buy or sell goods or services
value
(n)
stock exchange
(n)
the place where the shares of publicly listed companies are traded
expense
(n)
income
(n)
the amount of money earned or coming into a household
profit
(n)
shareholder
(n)
an owner of shares in a company
demand
(n)
a firm request
savings
(n)
an amount of money kept, often in a bank account, for future use
life savings
life savings
debt
(n)
an amount of money owed to other people or institutions
acquisition
(n)
loan
(n)
treaty
(n)
stock
(n)
the goods or merchandise kept on hand in a store for sale
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