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