Unit 10 - US Economic Terms

charles L.
16 words 8 learners

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Full list of words from this list:

words only definitions & notes
  1. antitrust law
    law intended to promote free competition in the market place by outlawing monopolies
  2. monopoly
    a market in which there are many buyers but only one seller
  3. global
    involving the entire earth
  4. simultaneous
    occurring or operating at the same time
  5. tax revenue
    government income due to taxation
    Needed by the government to provide certain public services
  6. borrow
    get temporarily
  7. fee
    a fixed charge for a privilege or for professional services
  8. spending
    the act of spending or distributing money
  9. unemployment
    the state of not having a job
  10. authorize
    give or delegate power to
  11. income
    the amount of money one makes over a period of time
  12. Federal Reserve System
    the central bank of the United States
  13. inflation
    a general and progressive increase in prices
  14. contract
    a binding agreement that is enforceable by law
  15. guideline
    a rule that provides direction for appropriate behavior
  16. currency
    the metal or paper medium of exchange that is presently used
    Also known as Federal Reserve Notes
Created on Wed May 09 18:04:06 EDT 2012 (updated Thu May 10 09:41:58 EDT 2012)

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