HASS economics

4. a fee paid for the use of borrowed money deposited
5. integration and interaction of economies and cultures on a global scale
7. quantity of a good or service that consumers willing and able to buy
12. the system that a community uses to produce and distribute goods and services
13. the value of the next best alternative forgone when a decision is made
15. Gross Domestic Product

1. rivalry among sellers in the market
2. a decrease in the price level of goods and service in an economy
3. exchange of good and services between business or individuals
6. A sustained increase in the general price level of goods and service
8. A place where buyers and sellers come together to trade goods or service
9. the total number of people who are employed seeking employment
10. the cost of borrowing or the reward for saving money
11. a market structure where is only one provider of a specific good or service
14. Quantity of a good or service that producers are willing and able to sell