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the ability of an object or material to resume its normal shape after being stretched or compressed; stretchiness.
Historical:  the quality or state of being elastic such as. a the capability of a strained body to recover its size and shape after deformation springiness.

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the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.
historical: Interest rate is the amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.

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a state in which opposing forces or influences are balanced.
historical: Another way of defining equilibrium is to say that a system is in equilibrium when the forward and reverse reactions occur at equal rates.

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the action of inflating something or the condition of being inflated.
Historical:the rate at which the general level of prices for goods and services is rising and, consequently, the purchasing power of currency is falling.

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Wall Street is a street in lower Manhattan that is the original home of the New York Stock Exchange and the historic headquarters of the largest U.S. brokerages and investment banks.

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work, especially hard physical work.
historical: Labor history or labour history is a sub-discipline of social history which specialises on the history of the working classes and the labor movement.

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the land alongside or sloping down to a river or lake.
historical:a bank other than a payor bank that presents a negotiable instrument or promise or order to pay money.

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a farm, business, or other organization that is owned and run jointly by its members, who share the profits or benefits.
historical:The history of the cooperative movement concerns the origins and history of cooperatives.

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A nonprofit organization, also known as a non-business entity or nonprofit institution, is dedicated to furthering a particular social cause or advocating for a shared point of view.
historical:Nonprofits are tax exempt or charitable, meaning they do not pay income tax on the money that they receive for their organization.

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a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.

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the state of being a partner or partners.
historical:Public-private partnership (PPP), partnership between an agency of the government and the private sector in the delivery of goods or services to the public.

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A sole proprietorship, also known as the sole trader, individual entrepreneurship or proprietorship, is a type of enterprise that is owned and run by one person and in which there is no legal distinction between the owner and the business entity.
historical:The History About Sole Proprietorship Law Company Business Partnership Essay.

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The Federal Reserve System, often referred to as the Federal Reserve or simply "the Fed," is the central bank of the United States.
historical: It was created by the Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system.

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feelings of severe despondency and dejection.
historical: A period of drastic decline in the national economy, characterized by decreasing business activity, falling prices, and unemployment.

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a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.
Historical:business cycle contraction which results in a general slowdown in economic activity.

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a cycle or series of cycles of economic expansion and contraction.
Hist:the downward and upward movement of gross domestic product (GDP) around its long-term growth trend.

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Monetary policy is the macroeconomic policy laid down by the central bank.
Hist: consists act of central bank

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the means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy.
Historical:the means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy.

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an index of the variation in prices paid by typical consumers for retail goods and other items.
historical:A consumer price index (CPI) measures changes in the price level of market basket of consumer goods and services purchased by households.

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the total value of goods produced and services provided in a country during one year.
historical:  monetary measure of the market value of all the final goods and services produced in a period of time, often annually or quarterly.

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a term that describes a market that has a broad range of competitors who are selling the same products.
Hist:broad range that sell products

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Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another and hence are not perfect substitutes.
historical: a type of imperfect competition such that many producers sell products that are differentiated from one another (e.g. by branding or quality) and hence are not perfect substitutes.

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a state of limited competition, in which a market is shared by a small number of producers or sellers.
historical: a market structure with a small number of firms, none of which can keep the others from having significant influence.

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the exclusive possession or control of the supply or trade in a commodity or service
Hist: characterized by a lack of competition, which can mean higher prices and inferior products.

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the loss of potential gain from other alternatives when one alternative is chosen.
historical:  the opportunity cost, also known as alternative cost, is the value (not a benefit) of the choice in terms of the best alternative while making a decision.

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an insistent and peremptory request, made as if by right.
Hist:quantity of a good that consumers are willing and able to purchase at various prices during a given period of time.

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make (something needed or wanted) available to someone; provide.
Hist:fundamental economic concept that describes the total amount of a specific good or service that is available to consumers.

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the desire for financial gain as an incentive in economic activity.
Hist:the intent to achieve monetary gain in a transaction or material endeavor.

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the activity or condition of competing.
historical: the act or process of competing : rivalry: such as. a : the effort of two or more parties acting independently to secure the business of a third party by offering the most favorable terms contractors in competition for the contract to build the new school.

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The circular flow of income or circular flow is a model of the economy in which the major exchanges are represented as flows of money, goods and services, etc.
Hist:diagram represents how goods, services, and money move through our economy.

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an economic system combining private and public enterprise.
Hist:a system that combines aspects of both capitalism and socialism.

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n economic system in which economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country's individual citizens and businesses.
Historical:moving goods from producer to consumer

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an economy in which production, investment, prices, and incomes are determined centrally by a government.
Hist:a system where the government, rather than the free market, determines what goods should be produced, how much should be produced and the price at which the goods are offered for sale.

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work, especially hard physical work.
Historical:a sub-discipline of social history which specialises on the history of the working classes and the labor movement.

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a country
Hist:the part of the earth's surface that is not covered by water.

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the activity of setting up a business or businesses.
hist:Manager or promoter of a theatrical production

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the most important city or town of a country or region.
Historical def:Capital that is invested on a long-term basis

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the state of being scarce or in short supply; shortage.
Historical:defined as a condition of limited resources, where society does not have sufficient resources to produce enough to fulfill subjective wants.