Economics Glossary.

2. to purchase goods and services for direct use or ownership
5. the branch of economics that emphasises the central role played by the level of expenditure or
8. a list of income and likely expenditures
9. a general rise in prices across all sectors of the economy
10. a loan where something is held as security in case the loan is not repaid, e.g. a house
11. production, distribution and consumption of goods and services in a region or country
13. demand
18. the human skills and effort required to produce goods and services
19. goods and services sold by local businesses to overseas consumers
22. a loan to a company or government that pays investors a fixed rate of interest
24. of the economy
25. the removal of unnecessary direct government controls, restrictions and supervision in various
27. policy the Reserve Bank using interest rates to achieve economic objectives
28. the use of the federal government’s budget to achieve economic objectives
29. a relatively mild contraction in the level of economic activity resulting in reduced spending, etc
31. quantity limits or targets for production or imports

1. a basket of goods and services whose prices are surveyed to calculate inflation
3. a government levy or revenue measure is used to affect the level of prices,the growth rate, etc
4. able to last or continue for a long time
6. every three months
7. (gross domestic product)
12. the branch of economics that studies the smaller fragments or units making up the whole
14. a tax on imports
15. no government interference in the economy
16. a type of agreement between two nations
17. a policy where a government gives local producers an artificial advantage
20. a payment to a local producer
21. money received on a regular basis from work, property, business, investment or welfare
23. (multinational corporations)
26. goods and services purchased by local consumers from overseas businesses
30. a cash payment designed to help producers sell their products at a lower price than usual