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