Economics Vocabulary

4. The reduction of industrial activity or capacity in a region or economy.
7. An individual that has an idea and intends to execute on that idea, usually to disrupt the current market with a new product or service.
8. A name for a market which is dominated by a few sellers, and therefore has less competition.
9. The process of putting a decision or plan into effect; execution.
14. An amalgamation or joining of two or more firms into an existing firm or to form a new firm.
16. Reduction of the general level of prices in an economy.
18. A general increase in prices and fall in the purchasing value of money.
19. A system or policy of economic self-sufficiency aimed at removing the need for imports.
21. A contract by which property is conveyed to a person for a specified period, usually for rent.
22. An efficiency or ease with which an asset or security can be converted into ready cash without affecting its market price.

1. A condition or state in which economic forces are balanced.
2. A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP.
3. The legal procedure for satisfying claims against a mortgagor in default who has not redeemed the mortgage: satisfaction may be obtained from the proceeds of a forced sale of the property.
5. The reduction in value of a fixed asset due to use, obsolescence.
6. An increase in the supply of money and credit designed to cause such an increase.
10. An economic system (or part of a system) is ripe to be transformed into something else or heading towards decline.
11. An official ban on trade or other commercial activity with a particular country.
12. The process of items shrinking in size or quantity, or even sometimes reformulating or reducing quality, while their prices remain the same or increase.
13. The theory that inflation is caused by an excess quantity of money in an economy.
15. Based or operating abroad in places where the tax system is more advantageous than that of the home country.
17. Exchange (goods or services) for other goods or services without using money.
20. The yearly income earned from an investment. It’s often expressed as a percentage.