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Inflation: Its when prices are too high, income is low, and people can't afford the products they want and need.

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Inflation: Its when prices are too high, income is low, and people can't afford the products they want and need.

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Inflation: What It Is, How It Can Be Controlled, and Extreme Examples

www.investopedia.com

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Interests: Monetary charge for borrowing money.

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Interests: Monetary charge for borrowing money.

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Unemployment rate: The rate of people who are not actively looking for a job. 

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Unemployment rate: The rate of people who are not actively looking for a job. 

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Title: What Is the Unemployment Rate Formula?

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Found on Google from thebalancemoney.com

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Productivity: How much output can be produced.

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Productivity: How much output can be produced.

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Title: Time is not a measure of productivity - Ness Labs

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Monopoly: Exclusive possession of a market. 

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Monopoly: Exclusive possession of a market. 

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Oligopoly: A state of limited competition.

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Oligopoly: A state of limited competition.

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Title: Oligopoly: The Intersection of Monopolistic Markets and Few ...

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Market Structure: Depends on how firms or businesses are different and categized. 

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Market Structure: Depends on how firms or businesses are different and categized. 

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Market Structure - Overview, Definition, Features, and Types

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Perfect competition: When two or more businesses have some of the same products, materials and are fighting for the consumers. 

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Perfect competition: When two or more businesses have some of the same products, materials and are fighting for the consumers. 

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Perfect Competition Definition | Examples, Characteristics & Graph

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Economic utility: The satisfaction that a con sumer gets from buying a product. 

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Economic utility: The satisfaction that a con sumer gets from buying a product. 

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Scarcity: The action of being scared of not having enough resources. 

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Scarcity: The action of being scared of not having enough resources. 

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Title: How Scarcity Changes Our Brains And Boosts Your Conversion Rates

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Demand: The wants and needs that a consumers wants from a product.

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Demand: The wants and needs that a consumers wants from a product.

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Title: Demand: How It Works Plus Economic Determinants and the Demand Curve

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Supply: The amount of resources a producer has to make a product.

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Supply: The amount of resources a producer has to make a product.

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Equilibrium: A condition when the supply and demand have an equal balance. 

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Equilibrium: A condition when the supply and demand have an equal balance. 

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Export: When objects that are going out of a country. 

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Export: When objects that are going out of a country. 

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Import: When objects or products are going into a country.

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Import: When objects or products are going into a country.

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Gross domestic products: The measures of a final Market value of any product. 

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Gross domestic products: The measures of a final Market value of any product. 