Economics Vocabulary

2. The money that a borrower pays to a lender in return for a loan
4. Total market value of all goods and services produced in a country in a given year
5. Goods or services that a country brings in or purchases from another country
7. A person who buys goods or services for personal use
8. A political system in which the government owns all property and runs a command economy
10. A gain of money that comes typically from labor or capital
11. An amount of money that is owed
12. Paper or coins that a country uses for its money supply
13. A finished product sold to consumers for personal or home use
14. Objects or materials that humans can purchase to satisfy their wants and needs
15. The process of using machinery for all major forms of production
17. The gain or excess made by selling goods or services over their costs
19. An increase in overall prices

1. The trade of goods and services
3. Good or services that a country sells and sends to other countries
6. The level of a country's economic activity, growth, and quality of life
9. An economy that is a combination of command, market, and traditional economies
11. A severe drop in overall business activity over a along period of time
16. The structure of economic life in a country
18. A required payment to a local, state, or national government