Economics keywords

3. good : goods produced by the country
6. : when willing individuals are actively seeking employment but are not able to find any.
8. : The increase in prices of a period of time
9. growth : increase in a countries economy
11. leather costs : the costs that people incur to minimize their cash holdings during times of high inflation
12. of living: The material well being of the average person in a given population.
14. unemployment : Frictional unemployment happens when a person is voluntarily job searching or searching for a new career
15. : The decrease of general prices over a period of time
18. unemployment : when an individual is not working, but is able and willing to work and is actively seeking employment
19. unemployment : Cyclical unemployment is the component of overall unemployment that results directly from cycles of economic upturn and downturn

1. pull : an increase in total demands for goods and services, it exceeds supply
2. cycle : the overall state of the economy as it goes through four stages
4. potential: the goods and services that an economy is capable of producing
5. costs : the cost suffered by a firm when it changes prices
7. push : when overall prices increase due to an increase in the cost of wages
10. domestic product: the total market value of finished goods and services for a country
11. unemployment : long lasting unemployment that happens due ti changes in the economy
13. unemployment : happens when people are unemployed at particular times during the year
16. goods : goods produced in a foreign country
17. : When individuals lack the financial resources and essential for basic standard of living