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area where companies can locate free of certain local, state, and federal taxes and restrictions.
the percentage of people who live in households with income below the official poverty line.
the income level below which income is insufficient to support a family or household.
the process by which rising wages cause higher prices, and higher prices cause higher wages.
theory that inflation occurs when producers raise prices in order to meet increased costs.
theory that inflation occurs when demand for goods and services exceeds existing supplies.
Consumer Price Index (CPI)
a price index determined by measuring the price of a standard group of goods meant to represent the "market basket" of a typical urban consumer.
a measurement that shows how the average price of a standard group of goods changes over time.
working at a job for which one is overqualified, or working part-time when full-time work is desired.
unemployment that rises during economic downturns and falls when the economy improves.
unemployment that occurs when workers' skills do not match the jobs that are available.
unemployment that occurs as a result of harvest schedules or vacations, or when industries slow or shut down for a season.
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