Economics
Macroeconomics
Microeconomics
Invisible Hand
A phrase coined by Adam Smith to describe the process that turns self-directed gain into social and economic benefits for all.
Capitalism
Supply
Demand
Market Price
Perfect Competition
Monopolistic Competition
Oligopoly
Monopoly
Socialism
Brain Drain
Communism
Command Economies
Mixed Economies
Gross Domestic Product (GDP)
Unemployment Rate
Inflation
Deflation
A situation in which prices are declining
Business Cycles
Recession
Depression
Consumer Price Index (CPI)
Disinflation
a situation in which price increases are slowing (the inflation rate is declining)
Fiscal Policy
Keynesian Economic Theory
Monetary Policy
National Debt
The sum of government deficits over time.
Producer Price Index (PPI)
Stagflation
Tariff
Exchange rates
Balance of payments