Home > Blossary: Basic Economy
It serves those who have just studied economy because it includes basic terms that they need to know and understand the economy world. It is really useful.

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32 Terms

Created by: Fatima

Number of Blossarys: 1

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A generic term in finance and economics for the entity which controls the money supply of a given currency, and has the right to set interest rates, and other parameters which control the cost and ...

Domain: Economy; Category: Economics

A policy by monetary authorities to expand money supply and boost economic activity, mainly by keeping interest rates low to encourage borrowing by companies, individuals and banks.

Domain: Economy; Category: Economics

Monetary policy that seeks to reduce the size of the money supply.

Domain: Economy; Category: Economics

The social science that analyzes the production, distribution, and consumption of goods and services.

Domain: Economy; Category: Economics

A pervasive condition of human existence that exists because society has unlimited wants and needs, but limited resources used for their satisfaction.

Domain: Economy; Category: Economics

Systematic approach to determining the optimum use of scarce resources, involving comparison of two or more alternatives in achieving a specific objective under the given assumptions and constraints.

Domain: Economy; Category: Economics

The use of government taxing and spending powers to affect the behaviour of the economy.

Domain: Economy; Category: Economics

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