1.
The rules and laws that stop big companies from cheating or becoming monopolies so that competition stays around.
2.
A mandatory charge/fee that the government requires both people and businesses to pay.
3.
Set of rules or lows imposed by the government to control how private businesses and markets operate
4.
Gain: The profit you make when you sell an asset for more than you paid for it.
5.
A flow of money received by individuals, businesses, or nations over a specific period in exchange for labor or production.
6.
A government limit on quantity or monetary value of a specific good.
7.
The total sum of money a business pays to its employees.
8.
Financial benefit given by the government to a person, business, or industry to lower production costs and encourage specific economic or social activities.
9.
The total net worth of an individual including all land, real estate, cash, financial securities, or other personal possessions.
10.
A relationship where individuals, businesses, and countries rely on each other to get the goods, services, and resources they cannot produce efficiently on their own.
11.
An economic agent who combines factors of production in innovative ways to create goods and services.
12.
Property: A legally protected intangible asset based on human creativity that turns public knowledge into scarce, marketable products.
13.
Domain: The government's legal power to seize private property for public use in exchange for compensation.
14.
A branch of economics that studies how individual people, Households, and companies make choices of how to use their money, time, and resources.
15.
Policy: The process a nation's Central Bank uses to control the money supply and interest rates to guide economic growth and stability.
16.
A governmental ban on trade and commerce with a specific country to force a political or policy change.
17.
a market structure where a single company or entity is the sole seller of a product or service with no close substitutes.
18.
The branch of economics that studies the behavior, performance, and structure of an economy as a whole rather than focusing on the smaller parts.
19.
The process of deeper integration and growing interdependence between national, regional, and local economies worldwide.
20.
The business of accepting money deposits and lending that money out to people and businesses.
21.
vs. Private Industry: Public sector is owned and managed by the government to provide public services while the private sector is owned by individuals or shareholders to generate profit.
22.
Policy: The use of government spending and taxation to influence an economy's conditions.
23.
Rate: The price of one country's currency expressed in terms of another currency
24.
When total expenses or outflows surpass total revenues or inflow
25.
The voluntary exchange of goods, services, or resources between two or more parties.
