GED Economics Lesson 2
Terms in this set (8)
business creator and owner
an economic system in which private business operates in competition and largely free of state control.
obtain a financial advantage or benefit, especially from an investment.
the exclusive possession or control of the supply or trade in a commodity or service.
tight-knit group of companies that control whole industries
unemployment rises and spending slows down
a general increase in prices and fall in the purchasing value of money.
the proportion of a loan that is charged as interest to the borrower