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12 fiszki
English
Economic concepts
Understand economics with 12 key concepts explained in plain language. Study GDP, inflation, interest rates, supply and demand, recession, fiscal policy, tariffs, and more.
Cały zestaw
Wszystkie fiszki pomieszane. Najlepsze do pełnej powtórki lub pierwszego podejścia.
12 fiszki
| Przód | Wstecz |
|---|---|
| Budget deficit | When government spending exceeds revenue |
| Fiscal policy | Government use of spending and taxes to influence the economy |
| Free market | Economy where prices are determined by supply and demand |
| GDP | Gross Domestic Product: total value of goods and services produced in a country |
| Inflation | General rise in prices over time |
| Interest rate | The cost of borrowing money |
| Monetary policy | Central bank actions to control money supply and interest rates |
| Recession | Period of negative economic growth for two or more consecutive quarters |
| Subsidy | Government financial support given to a business or industry |
| Supply and demand | Price is driven by product availability and buyer desire |
| Tariff | Tax imposed on imported goods |
| Trade deficit | When a country imports more than it exports |
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