Economics
Macroeconomics
Microeconomics
Demand
Supply
Surplus
Shortage
Capitalism
An economic system in which all or most of the factors of production and distribution are privately owned and operated for profit.
Oligopoly
A degree of competition in which just a few sellers dominate the market.
Monopolistic Competition
The degree of competition in which a large number of sellers produce very similar products that buyers nevertheless perceive as different.
Monopoly
Perfect Competition
The degree of competition in which there are many sellers in a market and none is large enough to dictate the price of a product.
Socialism
An economic system based on the premise that some, if not most, basic businesses should be owned by the government so that profits can be more evenly distributed among the people.
Mixed Economy
Business Cycle
Gross Domestic Product (GDP)
Consumer Price Index (CPI)
Inflation
Producer Price Index (PPI)
Unemployment
Frictional Unemployment
Structural Unemployment
Cyclical Unemployment
Seasonal Unemployment