Economic Concepts 1-15
15 entries in the Economic Concepts compendium.
CurrencyA system of money in common use within a specific environment.DebtDebt is an obligation to repay borrowed money.DeflationA sustained fall in the general price level of goods and services.Derivative (finance)A contract whose value derives from an underlying asset.E-commerceElectronic buying and selling of goods and services online.EconometricsStatistical methods applied to economic data for empirical analysis.Economic growthIncrease in a society's production of goods and services.Economic policyGovernment actions shaping taxation, spending, money, and regulation.EconomicsSocial science studying production, distribution, and consumption of goods and services.EconomyA social domain of production, distribution, trade, and consumption.Exchange rateRate at which one currency is exchanged for another.FinanceFinance manages money, investments, and financial systems.Gross domestic productMonetary measure of total market value of final goods and services.GoodsGoods are scarce items providing utility, classified by excludability and rivalry.InflationAn increase in the average price of goods and services.
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