Economics Vocabulary

2. expend money with the expectation of achieving a profit or material result by putting it into financial schemes, shares, or property, or by using it to develop a commercial venture.
5. persons who do not have a job, but have been actively looking for work and are able to work.
10. Statistics about the economy that allow you to analyze the economic performance of an area and predict future performance.
11. The total monetary value off all of the goods and services produced in a country in a given year.
12. The rise in the general level of prices of goods and services in an economy over a period of time.
13. A gift, which may be cash or other property, granted to a charitable organization

1. the standard of health, comfort, and happiness experienced by an individual or group.
3. an estimate of income and expenses for a set period of time.
4. a period of temporary economic decline during which trade and industrial activity are reduced.
6. the degree of wealth and material comfort available to a person or community.
7. a long and severe recession in an economy or market.
8. the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.
9. the money one has saved, especially through a bank or official scheme.