economics

sylvia C.
5 words 4 learners

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Full list of words from this list:

words only definitions & notes
  1. macroeconomics
    the branch of economics that studies the overall working of a national economy
    Macroeconomics examines either the economy as a whole or its basic subdivisions or aggregates, such as the government, household, and business sectors.
  2. aggregate
    a sum total of many heterogeneous things taken together
    Macroeconomics examines either the economy as a whole or its basic subdivisions or aggregates, such as the government, household, and business sectors.
  3. economy
    the system of production and distribution and consumption
    Macroeconomics examines either the economy as a whole or its basic subdivisions or aggregates, such as the government, household, and business sectors.
  4. consumer
    a person who uses goods or services
    Therefore, we might lump together the millions of consumers in the US economy and treat them as they were one huge unit called "consumers."
  5. economic
    of or relating to production and management of wealth
    An aggregate is a collection of specific economic units treated as if they were one unit.
Created on Fri Dec 11 12:29:07 EST 2009 (updated Mon Dec 14 18:22:41 EST 2009)

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