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Standard of living
The quality of life measured by the amount of goods and services an idividual has avalible for consumption
12
Economics
9th Grade
10/11/2010

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Term
Standard of living
Definition
The wuality of life measured by the amount of goods and services an individual has avalible for consumption
Term
Depression
Definition
A period during which the is a significant slump in economic activity
Term
Mercantilism
Definition
An economic rule that measured economic success by how much capital a nation built up
Term
Corporate taxes
Definition
Taxes paid by companies
Term
Privatised
Definition
To change from being government owned to being privately owned
Term
Recession
Definition
A period of bad economic circumstances, usually less servere then deoression
Term
Demand
Definition
The quantity of goods and services that consumers are willing to buy at a given price
Term
Economic activity
Definition
the supply of and demand for goods and services in an economy
Term
Goods
Definition
items that you can see or touch
Term
Income
Definition
money recived on an regular basis from work,property,buisness or welfare payments
Term
Resources
Definition
what goods and services are produced from
Term
Investor
Definition
A person, company or other organisation that has placed money into something
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