Economics Vocabulary

2. money that an individual or business receives in exchange for providing a good or service or through capital investing
3. a business establishment in which money is kept for saving for commercial purposes
5. a single business with the power to control prices in a market
6. a collection of stocks or bonds
7. a plan for raising and spending money
8. a plan by which a company gives protection from the cast of injury or loss
9. a system in which the government owns/controls the factors of production and makes the basic economic decisions
13. a place or situation in which exchange of goods or services takes place
14. a physiological desire which makes life more enjoyable

1. the total dollar value of all final goods and services sold in the country in a year
4. the coins and paper bills used as money in an economy
6. an economic system in which private individuals own the factors of production and are free to make their own choices
10. the total amount of money available for use as a medium of exchange
11. a biological requirement for maintaining life
12. the act of buying or using goods or services