Commerce KeyWords

1. operating, or producing something.
3. The demand and supply of a good/service.
7. A sudden improvement in something such as an economy, or an increase in an amount or level.
9. Domestic Product (GDP) The total value of a nation’s output in one year.
11. increases, wage increases and rising demand.
13. Consumers' willingness and ability to consume a given good.
14. A financial gain, especially the difference between the amount earned and the amount spent in
15. The general increase in prices over time.
17. A system of money in general use in a particular country.A system of money in general use in a particular country.
18. Cost The value of the best alternative forgone.
19. A commercial enterprise that provides work performed in an expert manner by an individual or team for the benefit of its customers.

1. A period of significant output within a population. The period is marked by productivity increases,
2. mechanism The system where the forces of demand and supply determine the prices of good and services.
4. The study of how scarce resources are used to satisfy unlimited human wants.
5. A sustained, long-term downturn in economic activity in one or more
6. The ongoing process of integration of global economies.
8. Physical, tangible items that can be bought/sold.
10. Two consecutive quarters (6 months) of negative economic growth in an economy.
12. Businesses willingness or ability to produce certain goods.
16. A downward turn in the level of economic or business activity, often caused by fluctuations in the business cycle or other macroeconomic events.