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Economic flow that reflects the creation, transformation, exchange, transfer or extinction of an economic value and involves transfers of ownership of goods or financial assets, provision of services or supply of labor and capital.

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An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit. Assets can be tangible or intangible and can include anything that can be used to produce positive economic value. In accounting, an asset is any resource that a business owns or controls, and it is anything that could be sold for money.

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Refers to the legal responsibility for something, which can include owing someone money or services. Liability can also refer to something or someone that causes problems or embarrassment. In finance and accounting, liability refers to debts or pecuniary obligations that an entity is legally or ethically obliged to pay as a result of past transactions or events.

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The total amount of money owed by a government to its creditors. National debt is often measured as a percentage of Gross Domestic Product (GDP) and can be influenced by factors such as government spending, taxation, and interest rates.

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The amount by which government spending exceeds government revenue in a given period of time. A budget deficit can lead to an increase in government debt.

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The percentage of the labor force that is unemployed but actively seeking employment. The unemployment rate is often used as a measure of the health of the labor market and the overall economy.

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The cost of borrowing money, usually expressed as a percentage of the amount borrowed. Interest rates are set by central banks and can influence borrowing and lending behavior, investment decisions, and inflation.

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The use of central bank policies to influence the economy, including interest rates, money supply, and credit availability. Monetary policy can be expansionary (lowering interest rates and/or increasing the money supply) or contractionary (raising interest rates and/or decreasing the money supply).

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The use of government spending and taxation policies to influence the economy, including aggregate demand, employment, and inflation. Fiscal policy can be expansionary (increasing government spending and/or decreasing taxes) or contractionary (decreasing government spending and/or increasing taxes)

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An increase in the production of goods and services in an economy over time. Economic growth is often measured by changes in Gross Domestic Product (GDP) and is influenced by factors such as investment, productivity, and technological advancements.

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A period of significant decline in economic activity, typically characterized by a decrease in Gross Domestic Product (GDP), employment, and trade. A recession is usually defined as two consecutive quarters of negative GDP growth.

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A general decrease in the prices of goods and services in an economy over time, resulting in an increase in the purchasing power of money. Deflation is often associated with a contraction in the supply of money and credit in the economy, but can also occur due to increased productivity and technological improvements

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A general increase in the prices of goods and services in an economy over time, resulting in a decrease in the purchasing power of money. Inflation is often measured by the Consumer Price Index (CPI) and is influenced by factors such as the money supply, demand for goods and services, and production costs

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Is a measure of the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period. It is a comprehensive scorecard of a given country's economic health and is used by policymakers, investors.