Economic terms content



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economic terms

Economic terms.

content:

  • Money
  • Market
  • Demand
  • Supply
  • Needs
  • Economy
  • Finance
  • Price
  • Income
  • Expences
  • innovation

Money

  • Money
  • Money - is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts such as taxes, in a particular country or socio-economic context.

Market

  • Market
  • A market is a place where two parties can gather to facilitate the exchange of goods and services. The parties involved are usually buyers and sellers

demand

  • Demand is an economic principle referring to a consumer's desire to purchase goods and services and willingness to pay a price for a specific good or service.

Supply

  • Supply
  • Supply is a fundamental economic concept that describes the total amount of a specific good or service that is available to consumers. 

Needs

  • Needs
  • need is something that is necessary for an organism to live a healthy life. Needs are distinguished from wants.

economics

Finance

  • Finance is a term for matters regarding the management, creation, and study of money and investments.

price

  • Price is the monetary value of a good, service or resource established during a transaction.

income

expences

  • An expense is the cost of operations that a company incurs to generate revenue.

innovation


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