Applied Economics

2. housing and rental spaces
7. producing similar or differented products
14. goods that have elastic demand are sensitive to price change
15. the input needed to create them
16. are products that serve as important needs for consumer lives and survival Primecommodities are products that are not considered to be basic necessities but are necessary to consumer
21. negative reasons that cause people to leave their homes
25. arrangement where the employee will provide services for the employer
27. buyers and sellers must accept market prices
28. helps the government support
30. these are people from the Philippines who live work
31. people who leave one country or region
33. the ratio of export rates and import prices
34. The point at which labor demand and labor supply converge and intersect
35. high prices of construction materials and services
38. can push the price of houses to increase
39. an average spike in the price of commodities
40. big loans promote inflation and if inflation is high
41. growing economies will cause an influx of skilled workers
42. this is market Structure

1. also know as the own price elasticity of demand
2. to different products,service,and financial assets
3. positive aspects that attract people to move to another region or location
4. occurs when people are in between job
5. are workers who engages in hard manual labor
6. has both positive and negative implications for the company
8. the price of every unit of a foreign currency
9. can increase the demand for houses
10. possesses the features of both monopoly and perfect competition
11. is the percentage change in quantity Supplied
12. is characterized by having a few firms selling
13. goods that have inelastic demand are less sensitive to price change
17. high demand for houses in growing cities
18. known as suit and tie workers who do professionals
19. in cities with weak economies
20. It is a major components of every economy in commodities and services markets
22. it is the amount of individuals from one place to another
23. also known as competitive market
24. Amount of labor offered for hire within a given period
26. are commercially available goods and services
28. which a nations currency price is determined
29. The amount of labor that employees wish to hire at a given time
32. firms have buyers and sellers who are all price takers
36. enter and settled in foreign country
37. Fewer people will work if the wage rate is low