Econimics Vocabulary

Created by Aericka Edited by Aericka Josey

there is a Market Economy ... A market economy is an economy in which decisions regarding investment, production, and distribution are based on supply and demand, and prices of goods and services are determined in a free price system. (ex.the prices of goods i commanded)


There is more economies and there is a command Economy

noun: command economy; plural noun: command economies





  1. an economy in which production, investment, prices, and incomes are determined centrally by a government.. (ex.i invested in a nail shop company)





Traditional Economy A traditional economy is an original economic system in which traditions, customs, and beliefs shape the goods and the products the society creates. Countries that use this type of economic system are often rural and farm-based.(ex.the traditions are customs)


Market

ˈmärkət/


noun

noun: market; plural noun: markets



  1. 1.



    a regular gathering of people for the purchase and sale of provisions, livestock, and other commodities.

    "farmers going to market"ex i will gather the families tomorrow






Barter

1.



exchange (goods or services) for other goods or services without using money.

"he often bartered a meal for drawings"


synonyms:trade, swap, exchange, sell



"they bartered grain for salt"


em·bar·go


əmˈbärɡō/ ex.i will exchange you a penny for your dolly


noun

noun: embargo; plural noun: embargoes



  1. 1.



    an official ban on trade or other commercial activity with a particular country.

    "an embargo on grain sales" trade me your candy for a dollar









  2. tariff

    tar·iff


    ˈterəf/


    noun

    noun: tariff; plural noun: tariffs



    1. 1.



      a tax or duty to be paid on a particular class of imports or exports.



      synonymTrade barriers are measures that governments or public authorities introduce to make imported goods or services less competitive than locally produced goods and services. Not everything that prevents or restricts trade can be characterised as a trade barrier.

      s: this trade barrier has been weird

      tax, duty, toll, excise, levy, charge, rate, fee, countervail;



      price list

      "the lower tariffs across the border

      qouta

      quo·ta


      ˈkwōdə/


      noun

      noun: quota; plural noun: quotas





      1. a limited or fixed number or amount of people or things, in particular.





        i will quota tomorrow





        synonyms:

        capital

        cap·i·tal1


        ˈkapədl/


        noun

        noun: capital; plural noun: capitals; noun: capital city; plural noun: capital cities; noun: capital town; plural noun: capital towns; noun: capital letter; plural noun: capital letters



        1. 1.



          the most important city or town of a country or region, usually its seat of government and administrative center.


          synonyms:first city, seat of government, metropolis



          "Warsaw is the capital of Poland"









          • a place associated more than any other with a specified activity or product.

            "Milan is the fashion capital of the world"









        2. 2.



          wealth in the form of money or other assets







        allocation, share, allowance, limit, ration, portion, dispensation, slice (of the pie/cake); More

        trade barrier

























second half

Human Capital

hu·man cap·i·tal

noun

noun: human capital

  1. the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.

  2. Any tangible assets that an organization uses to produce goods or services such as office buildings, equipment and machinery. Consumer goods are the end result of this production process

  3. gross do·mes·tic prod·uct

    noun

    noun: gross domestic product; plural noun: gross domestic products; noun: GDP; plural noun: GDPs

    1. the total value of goods produced and services provided in a country during one year.


    Translate gross domestic product toChoose languageAfrikaansAlbanianArabicArmenianAzerbaijaniBasqueBelarusianBengaliBosnianBulgarianBurmeseCatalanCebuanoChinese (Simplified)Chinese (Traditional)CroatianCzechDanishDutchEsperantoEstonianFilipinoFinnishFrenchGalicianGeorgianGermanGreekGujaratiHaitianHausaHebrewHindiHmongHungarianIcelandicIgboIndonesianIrishItalianJapaneseJavaneseKannadaKazakhKhmerKoreanLaoLatinLatvianLithuanianMacedonianMalagasyMalayMalayalamMalteseMaoriMarathiMongolianNepaliNorwegianNyanjaPersianPolishPortuguesePunjabiRomanianRussianSerbianSinhalaSlovakSlovenianSomaliSpanishSundaneseSwahiliSwedishTajikTamilTeluguThaiTurkishUkrainianUrduUzbekVietnameseWelshYiddishYorubaZulu


    Translations, word origin, and more definitions

    Show less

  4. Gross Domestic Product (GDP) Definition | Investopedia

    www.investopedia.com/terms/g/gdp.asp

    Investopedia


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    DEFINITION of 'Gross Domestic Product - GDP' The monetary value of all the finished goods and services produced within a country's borders in a specific time period, though GDP is usually calculated on an annual basis.

  5. What is GDP and why is it so important? - Investopedia

    www.investopedia.com/ask/answers/199.asp

    Investopedia


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    The gross domestic product (GDP) is one the primary indicators used to gauge the health of a country's economy. It represents the total dollar value of all goods and services produced over a specific time period - you can think of it as the size of the economy.

    Why does inflation increase ... - ‎Gross Domestic Product (GDP) - ‎Recession

  6. What Is GDP? Definition of Gross Domestic Product

    useconomy.about.com › ... › US Economy › GDP and Growth


    Jan 12, 2015 - Definition: Gross Domestic Product (GDP) is the best way to measure a country's economy. It includes everything produced by all the people ...

  7. Gross domestic product - Definition and More from the Free ...

    www.merriam-webster.com/.../gross%20domestic%20...

    Merriam‑Webster


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    the total value of the goods and services produced by the people of a nation during a year not including the value of income earned in foreign countries.

  8. What is gross domestic product (GDP)? definition and ...

    www.businessdictionary.com/definition/gross-domestic-product-GDP.html


    Definition of gross domestic product (GDP): The value of a country's overall output of goods and services (typically during one fiscal year) at market prices, ...

  9. Gross domestic product - Wikipedia, the free encyclopedia

    en.wikipedia.org/wiki/Gross_domestic_product

    Wikipedia


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    Gross domestic product (GDP) is defined by the Organisation for Economic Co-operation and Development (OECD) as "an aggregate measure of production ...

  10. Gross domestic product - Dictionary.com - Reference.com

    dictionary.reference.com/browse/gross+domestic+product

    Dictionary.com


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    Gross domestic product definition, gross national product excluding payments on foreign investments. See more.

  11. What is GDP? - InvestorWords.com

    www.investorwords.com/2153/GDP.html


    Definition of GDP: Gross Domestic Product. The total market value of all final goods and services produced in a country in a given year, equal to total...

  12. GDP - The Economist

    www.economist.com/economics-a-to-z/g

    The Economist


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    GDP. Gross domestic product, a measure of economic activity in a country. ... Shorthand for gilt-edged securities, meaning a safe bet, at least as far as receiving ...

  13. Gross Domestic Product: An Economy's All - Back to Basics ...

    www.imf.org/external/pubs/ft/.../gdp.htm

    International Monetary Fund


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    One of the most common is GDP, which stands for gross domestic product. ... where value-added is defined as total sales less the value of intermediate inputs ...





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a.gb_tb{color:#c1d1f4!important}a.gb_tb:hover,a.gb_tb:active{opacity:1}.gb_ub{padding:0;width:258px;white-space:normal;display:table}.gb_sb .gb_ub{width:200px}.gb_vb{color:#333333;font-size:16px;line-height:20px;margin:0;margin-bottom:16px}.gb_sb .gb_vb{color:#ffffff}.gb_wb{color:#666666;line-height:17px;margin:0;margin-bottom:5px}.gb_sb .gb_wb{color:#ffffff}.gb_xb{position:absolute;background:transparent;top:-999px;z-index:-1;visibility:hidden;margin-top:1px;margin-left:1px}#gb .gb_rb{margin:0}.gb_rb .gb_5{background:#4d90fe;border-color:#3079ed;margin-top:15px}#gb .gb_rb a.gb_5.gb_5{color:#ffffff}.gb_rb .gb_5:hover{background:#357ae8;border-color:#2f5bb7}.gb_yb .gb_5a .gb_pa{border-bottom-color:#ffffff;display:block}.gb_zb .gb_5a .gb_pa{border-bottom-color:#4d90fe;display:block}.gb_yb .gb_5a .gb_qa,.gb_zb .gb_5a .gb_qa{display:block}.gb_Ab,.gb_Bb{display:table-cell}.gb_Ab{vertical-align:middle}.gb_Bb{padding-left:13px;width:100%}.gb_Cb{margin-bottom:32px;font-size:small}.gb_Cb .gb_Db{margin-right:5px}.gb_Cb .gb_Eb{color:red}.gb_Fb{color:#ffffff;font-size:13px;font-weight:bold;height:25px;line-height:19px;padding-top:5px;padding-left:12px;position:relative;background-color:#4d90fe}.gb_Fb .gb_kb{color:#ffffff;cursor:default;font-size:22px;font-weight:normal;position:absolute;right:12px;top:5px}.gb_Fb .gb_ob,.gb_Fb .gb_Hb{color:#ffffff;display:inline-block;font-size:11px;margin-left:16px;padding:0 8px;white-space:nowrap}.gb_Ib{background:none;background-image:linear-gradient(top,rgba(0,0,0,0.16),rgba(0,0,0,0.2));border-radius:2px;border:1px solid #dcdcdc;border:1px solid rgba(0,0,0,0.1);cursor:default!important;filter:progid:DXImageTransform.Microsoft.gradient(startColorstr=#160000ff,endColorstr=#220000ff);text-decoration:none!important}.gb_Ib:hover{background:none;background-image:linear-gradient(top,rgba(0,0,0,0.14),rgba(0,0,0,0.2));border:1px solid rgba(0,0,0,0.2);box-shadow:0 1px 1px rgba(0,0,0,0.1);filter:progid:DXImageTransform.Microsoft.gradient(startColorstr=#14000000,endColorstr=#22000000)}.gb_Ib:active{box-shadow:inset 0 1px 2px rgba(0,0,0,0.3)}.gb_pb{display:none}.gb_pb.gb_Ra{display:block}.gb_j .gb_ib{background-image:none!important}.gb_j .gb_ib::before{display:inline-block;transform:scale(.5);transform-origin:0 0}.gb_j .gb_jb .gb_kb{position:absolute}.gb_j .gb_jb .gb_kb::before{left:-256px;top:0}.gb_j .gb_Zb .gb_K::before{left:-326px;top:-17px}.gb_j.gb_t .gb_Zb .gb_K::before{left:-256px;top:-103px}.gb_j.gb_u .gb_Zb .gb_K::before{left:0;top:-35px}.gb_L .gb_qa{border:0;border-left:1px solid rgba(0,0,0,.2);border-top:1px solid rgba(0,0,0,.2);height:14px;width:14px;transform:rotate(45deg)}.gb_L .gb_pa{border:0;border-left:1px solid rgba(0,0,0,.2);border-top:1px solid rgba(0,0,0,.2);height:14px;width:14px;transform:rotate(45deg);border-color:#fff;background:#fff}.gb_j .gb_Qc::before{clip:rect(-0 51px 16px 35px);left:-13px;top:22px}.gb_j .gb_0a.gb_Rc{position:absolute}.gb_j .gb_Rc::before{clip:rect(17px 307px 33px 291px);left:-261px;top:5px}.gb_j .gb_la .gb_Qc::before{left:-5px}@media (min-resolution:1.25dppx),(-webkit-min-device-pixel-ratio:1.25),(min-device-pixel-ratio:1.25){.gb_j .gb_Qc::before{clip:rect(-0 102px 32px 70px)}.gb_j .gb_Rc::before{clip:rect(34px 614px 66px 582px)}}.gb_j .gb_0a,.gb_j .gbii,.gb_j .gbip{background-image:none;overflow:hidden;position:relative}.gb_j .gb_0a::before{content:url('//ssl.gstatic.com/gb/images/i1_71651352.png');position:absolute}@media (min-resolution:1.25dppx),(-webkit-min-device-pixel-ratio:1.25),(min-device-pixel-ratio:1.25){.gb_j .gb_0a::before{content:url('//ssl.gstatic.com/gb/images/i2_9ef0f6fa.png');transform:scale(.5);transform-origin:0 0}}.gb_L a:focus{outline:1px dotted #fff!important}sentinel{}