- Types:
- show 16 types...
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deflation
a contraction of economic activity resulting in a decline of prices
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demand
the ability and desire to purchase goods and services
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disinflation
a reduction of prices intended to improve the balance of payments
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economic growth
steady growth in the productive capacity of the economy (and so a growth of national income)
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globalisation, globalization
growth to a global or worldwide scale
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inflation, rising prices
a general and progressive increase in prices
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market forces
the interaction of supply and demand that shapes a market economy
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spiral
a continuously accelerating change in the economy
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supply
offering goods and services for sale
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consumption, economic consumption, usance, use, use of goods and services
(economics) the utilization of economic goods to satisfy needs or in manufacturing
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cost-pull inflation
inflation caused by an increase in the costs of production
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demand-pull inflation
inflation caused by an increase in demand or in the supply of money
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inflationary spiral
an episode of inflation in which prices and wages increase at an increasing rate and currency rapidly loses value
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deflationary spiral
an episode of deflation in which prices and wages decrease at an increasing rate and currency gains in value
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reflation
inflation of currency after a period of deflation; restore the system to a previous state
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stagflation
a period of slow economic growth and high unemployment (stagnation) while prices rise (inflation)
