Pearson Economics Core Concepts 5

The act of concentrating on a limited number of goods or activities is known as ___

___is the act of using money to try to make a future profit.

The total value of all goods and services produced in a country in a year is ___

____is the money a company has left after subtracting the costs of doing business.

A(n) ___is a share of ownership in a company.

___is the practical application of knowledge to accomplish a task

A(n) ___is a factor that encourages people to make choices to act in a certain way.

The price paid for borrowing money is ____

The amount of a good that is available for use is known as ___

A government policy or restriction that limits international trade is a(n)____

The amount of goods and services produced given the amount of resources used is called ____

Companies' profits are affected by ___,  the struggle among producers for consumers' money.

____are goods and services produced within a country and sold outside the country's borders.

___ is economic growth, or an increase in living standards.

A(n) __is an economy in which consumers and producers make economic decisions

Today, many countries are working toward __, or the removal of trade barriers

A(n) ___is an organized way for producers and consumers to trade goods and services

Per capita means___

___are goods and services sold in a country that are produced in other countries.

A plan that shows income and expenses over a period of time is a

An economy in which the central government makes all economic decisions is a(n)

A general increase in prices over time is called _____

A(n) ___ is a country with a strong economy and a high standard of living.

___ is the desire for a certain good or service.

___is an arrangement where a buyer can borrow money to purchase something and pay  over time