Unit 2 Vocab

2. a payment from a government to a business to ensure the business can stay on it's feet.
6. the use of government spending and taxation to influence the economy.
8. predicament in which there is a single seller in a certain market.
9. a method in which the government gains money from the people for their overall budget.
12. an individual who identifies a need in the current market and acts on it.
16. the regulation of the concentration of economic power, Ex: price fixing
17. rules set by the government that limit things like price ranges within businesses.
18. government order that restricts the exchange between a certain country or area.
19. the regulation of the amount of money available in any given economy.
24. the study of households, firms, and individuals behavior on an overall small scale in economics.

1. Public industries are mainly owned by the government or other state bodies while private industries are privately owned, Ex: Amazon, McDonalds.
3. Process in which ideas and processes spread all the way around the world for economics.
4. the price of a country's money in relation to another country's money.
5. the amount of money someone recieves for their goods or services.
7. The power of the government to be able to take private property for public use.
10. example would include copyright on a book or article.
11. the study of the structure of international financial interactions.
13. the occupation of protecting and keeping money safe for others.
14. regulation that limits the total quantity of something that can be imported of a certain amount of time.
15. overall profits from sales, EX: you invest 100 stocks into something that costs $100, you then sell those 100 stocks when it costs $150, your capital-gain is $5000.
20. process of paying employees.
21. the study of economics on a large scale such as overall taxes, inflation, and interest rates.
22. occurs when expenses exceed revenues.
23. economic valuation of an individual's investments, assets, and interests.