Pearson Economics Core Concepts 5

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

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

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

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

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

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

A general increase in prices over time is called _____

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

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

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

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

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

___ is the desire for a certain good or service.

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

___is the practical application of knowledge to accomplish a task

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

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

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

Per capita means___

The price paid for borrowing money is ____

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

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

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

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

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