Economics

2. a market situation in which control over the supply of a commodity is held by a small number of producers each of whom is able to influence prices and thus directly affect the position of competitors
5. a market situationwhere exclusive control of the market supply of a product or service is give to a single company
6. the ability of consumers to determine the pattern of production through their spending decisions
9. the tendency for economic activity in market economies to oscillate from low to high periods of activity over time
10. total level of demand in the economy
11. a measure a nation’s economic performance and activity
14. goods not produced for immediate consumption, but for the production of other goods
15. the interest rate paid in overnight loans, controlled by the RBA
16. trend towards outsourcing and use of casual and part time labour
18. an economic condition characterized by substantial and protracted unemployment, low output and investment
19. something that is owed, such as money, goods, or services
20. the decline of purchasing power of a given currency over time

1. the total amount of money in a country's economy at a given time
3. the proportion of a loan that is charged in addition to the money they borrow, expressed as a percentage of the outstanding loan.
4. goods that satisfy consumer needs and wants
7. the market in which employers look and compete for workers and in which workers look and compete for employment
8. a market situation where many small businesses provide the exact same product
12. the amount of a good or serivce a person is willing and able to purchase
13. a market situation where many companies offer competing products or services that are similar, but not perfect, substitutes
15. situation of firms agreeing to restrict competition
17. government debt instrument