American Economy Definitions

manufacturing of large quantities of a product

trade and industry are controlled by private owners for profit, rather than by the state.

a market where buyers and sellers control the goods

the highest point in the economic cycle.

increase in prices and the fall in purchasing value of money.

a person who owns their own business

a buyer and user

the capital raised by a business or corporation through the issue and subscription of shares.

cost related to manufacturing a good or providing a service.

wealth and resources of a country or region, especially in terms of goods and services.

An economic system that allows buyers and sellers to act in favor of personal interest.

the most basic form of business, the most common structure at the start of a business.

a significant decline in activity across the economy.

a business with so much control that it has no competition.

an organization with a goal other than making money

relationship between price and supply.

a holder or owner of a share of a corporation. (one of many)

financial gain, the difference between the amount earned and the amount spent

tangible products that satisfy human wants

wealth in the form of money