the price at which quantity demanded equals quantity supplied
an estimate of income and expenditure for a future period
a good that is used in conjunction with another good
a tax that must be paid when a particular goods are imported into a country (see Customs duty)
an activity that affects others for better or worse, without those others paying or being compensated for the activity
an organization of employees working in the same industry or area representing its members in discussion and negotiations with management and government
a good whose consumption increases with an increase in income
a tax that must be paid when a particular goods are imported into a country
money paid regularly by the government to families with children
the selling of a state-owned industry or organization into private ownership
a curve which graphs the relationship between the quantity demanded of a good and its price
the quantity of a good sellers wish to sell at a particular price
the amount of a good buyers wish to purchase at each conceivable price
a tax paid by citizens to the government usually as a percentage of their income
a good that society thinks people should consume or receive, no matter what their incomes are
the act of returning of items to their proper owners
a good that can be used in place of another
an economic system where both the government and private sector interact in solving economic problems
a government payment for people who are sick, unemployed, disabled, retired, or in any other way in need (see Social security benefit)
a sales tax levied on a particular good or service
a good that is available for the society as a whole and not just individual members
income after deducting taxes
money paid by a government to producers of certain goods, to help them provide low-priced goods without loss to themselves
a sum of money paid regularly by the state to people above a certain age who have stopped working
a payment made by the government to individuals without requiring any goods or services in return
the inability of participants of the labour force to find jobs (lack of paid work)
an economic system without any government intervention where all resources are owned by private individuals and economic decisions are made according to the forces of supply and demand
a sum of money that the government takes from people's incomes, company profits, the sale of goods, etc.
a government payment for people who are sick, unemployed, disabled, retired, or in any other way in need
an economy which is changing from command to free market economy
a system of insurance run by the government, into which workers and employers make regular payments, and which provides money for people who are unemployed, old, etc,
an economic system in which resources are publicly owned and government uses central planning to direct and coordinate economic activities (see Centrally planned economy)
an amount of money collected by the government through taxation
a tax levied on the profits of companies
the quantity of a good buyers wish to buy at a particular price
the quantity at which quantity demanded equals quantity supplied
a good whose consumption decreases when income increases
money paid by the government to people who are unemployed
an economic system in which resources are publicly owned and government uses central planning to direct and coordinate economic activities
the amount of a good sellers wish to sell at each conceivable price