Important Economics Terms (Ouch)

6. Two words (no space), people above 16 able to work that are seeking or in a full time job
8. Two words (hyphenated), French meaning roughly "to let do". Capitalism with little government interference.
9. Kind of unimployment resulting from the contraction phase of a business cycle
12. Two words (no space), advantage one firm has over others allowing them to create a certain product better, faster or cheaper
14. Kind of unemployment resulting from changes in the economy that make certain workers temporarily unnecessary
15. Two words (no space), tax that goes up as the income of the taxed goes up

1. Asset pledged by a borrower to give in case they are unable to pay back a loan; if a loan is not paid, the lender can simply sell this to make up for it
2. Two words (no space), percentage of workforce that is unemployed in a population
3. Plural; Effects caused by but not affecting the market itself, corrected outside of the market
4. Two words (no space), amount of money available to a person after necessities (needs) are purchased.
5. Two words (no space), Property resulting from intellectual efforts such as designs, inventions and patents; well known to gamers as simply an IP
7. Kind of unemployment resulting from normal economics such as people between jobs or seasonally employed
10. Two words (no space), increase in an economy's production of goods and services (measured via GNP or GDP)
11. Two words (no space), tax that goes up as the income of the taxed goes down
13. Three words (no space), interest-earning savings account with limited transaction privileges