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30. Bonds- A debt investment in which an investor loans money to an entitythat borrows the funds for a defined period of time at a fixed interest rate. 

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30. Bonds- A debt investment in which an investor loans money to an entitythat borrows the funds for a defined period of time at a fixed interest rate. 

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29. Non-profit organizations- A corporation or an association that conducts business for the benefit of the general public without shareholders and without a profit motive. 

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29. Non-profit organizations- A corporation or an association that conducts business for the benefit of the general public without shareholders and without a profit motive. 

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28. Banks- A business establishment in which money is kept for saving or commercial purposes or is invested, supplied for loans, or exchanged. 

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28. Banks- A business establishment in which money is kept for saving or commercial purposes or is invested, supplied for loans, or exchanged. 

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27. Interest rates- the percentage of a sum of money charged for its use. 

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27. Interest rates- the percentage of a sum of money charged for its use. 

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26. Microeconomics- The part of economics about single factors and the effects of individual decisions.

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26. Microeconomics- The part of economics about single factors and the effects of individual decisions.

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25. Macroeconomics- The part of economics concerned with large-scale or general economic factors, such as interest rates and national productivity.

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25. Macroeconomics- The part of economics concerned with large-scale or general economic factors, such as interest rates and national productivity.

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24. Unemployment- The state of being unemployed. 

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24. Unemployment- The state of being unemployed. 

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23. Labor Union- An organized association of workers, often in a trade or profession, formed to protect and further their rights and interests. 

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23. Labor Union- An organized association of workers, often in a trade or profession, formed to protect and further their rights and interests. 

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22. Gross Domestic Product- The total value of goods produced and services provided in a country during one year.

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22. Gross Domestic Product- The total value of goods produced and services provided in a country during one year.

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21. Inflation- A general increase in prices and fall in the purchasing value of money.

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21. Inflation- A general increase in prices and fall in the purchasing value of money.

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20. Consumer Price Idex- An index of the variation in prices paid by typical consumers for retail goods and other items. 

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20. Consumer Price Idex- An index of the variation in prices paid by typical consumers for retail goods and other items. 

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19. Stock Market- The market in which shares are issued. 

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19. Stock Market- The market in which shares are issued. 

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

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Wall Street Definition - What is Wall Street?

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What is Wall Street? Find out right now with a helpful definition and links related to Wall Street.

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17. Monetary policy- The regulation of the money supply and interest rates by a central bank, such as the Federal Reserve Board in the U.S. 

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17. Monetary policy- The regulation of the money supply and interest rates by a central bank, such as the Federal Reserve Board in the U.S. 

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16. Stimulus- Attempts by governments or government agencies to financially stimulate an economy.

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16. Stimulus- Attempts by governments or government agencies to financially stimulate an economy.

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15. Natural Resources- Materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain. 

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15. Natural Resources- Materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain. 

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14. Globalization- A global movement to increase the flow of goods, services, people, real capital, and money across national borders in order to create a more integrated and interdependent world economy.

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14. Globalization- A global movement to increase the flow of goods, services, people, real capital, and money across national borders in order to create a more integrated and interdependent world economy.

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13. Free Trade- International trade left to its natural course without tariffs, quotas, or other restrictions. 

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13. Free Trade- International trade left to its natural course without tariffs, quotas, or other restrictions. 

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12. Import- Bringing (goods or services) into a country from abroad for sale. 

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12. Import- Bringing (goods or services) into a country from abroad for sale. 

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11. Export- Sending (goods or services) to another country for sale. 

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11. Export- Sending (goods or services) to another country for sale. 

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10.  Protectionism- The theory or practice of shielding a country's domestic industries from foreign competition by taxing imports. 

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10.  Protectionism- The theory or practice of shielding a country's domestic industries from foreign competition by taxing imports. 

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9. Specialization-making something suitable for a special purpose.

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9. Specialization-making something suitable for a special purpose.

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What is 'Specialization'

Specialization is a method of production where a business, area or economy focuses on the production of a limited scope of products or services to gain greater degrees of productive efficiency within an overall system. Many countries, for example, specialize in producing the goods and services that are native to their part of the world, and they trade for other goods and services. This specialization is therefore the basis of global trade, as few countries have enough production capacity to be completely self-sustaining.

BREAKING DOWN 'Specialization'

Specialization essentially an agreement within a community, an organization or a larger group where each of the members best suited for a specific activity assume responsibility for its successful execution. Specialization can occur on both the microeconomic level and the macroeconomic level.

Microeconomic Specialization

At the individual level, specialization usually comes in the form of career or labor specialization. Each individual member of an organization or economy, for example, has a unique set of talents, abilities, skills and interests that makes her uniquely able to perform a set of tasks. Labor specialization exploits these unique talents and places people in areas where they perform the best, helping both the individual as well as the overall economy.

If, for example, a single individual excels at math but is not a proficient writer, it benefits both the individual and the community if she pursues a field that relies heavily on mathematics.

Using another example, specialization can even refer to the production capacity of an individual firm. When setting up a factory, an assembly line is organized to increase efficiency rather than producing the entire product at one production station.

Macroeconomic Specialization

Economies that realize specialization have a comparative advantage in the production of a good or service. A comparative advantage refers to the ability to produce a good or service at a lower marginal cost and opportunity cost than another good or service.

When an economy can specialize in production, it benefits from international trade. If, for example, a country can produce bananas at a lower cost than oranges, it can choose to specialize and dedicate all of its resources to the production of bananas, using some of them to trade for oranges.

Specialization also occurs within a country's borders, as is the case with the United States. For example, citrus goods grow better in the warmer climate of the South and West, many grain products come from the farms of the Midwest, and maple syrup comes from the maple trees of New England. All of these areas focus on the production of these specific goods, and they trade or purchase other goods.

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Specialization is a method of production where a business or area focuses on the production of a limited scope of products or services in order to gain greater degrees of productive efficiency within the entire system of businesses or areas.

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8. Price floor- a government price control that sets the minimum allowable price for a good

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8. Price floor- a government price control that sets the minimum allowable price for a good

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7. Price ceiling- a government price control that sets the maximum allowable price for a good. 

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7. Price ceiling- a government price control that sets the maximum allowable price for a good. 

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6. Subsidy- A sum of money granted by the government or a public body to assist an industry or business so that the price of a commodity or service may remain low or competitive. 

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6. Subsidy- A sum of money granted by the government or a public body to assist an industry or business so that the price of a commodity or service may remain low or competitive. 

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5. United Nations- An international organization of countries set up in 1945, in succession to the League of Nations, to promote international peace, security, and cooperation. 

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5. United Nations- An international organization of countries set up in 1945, in succession to the League of Nations, to promote international peace, security, and cooperation. 

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4. NAFTA- North American Free Trade Agreement.

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4. NAFTA- North American Free Trade Agreement.

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A regulation implemented on Jan. 1, 1994, that decreased and eventually eliminated tariffs to encourage economic activity between the United States, Mexico and Canada.

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3. Tariff- A tax or duty to be paid on a particular class of imports or exports.

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3. Tariff- A tax or duty to be paid on a particular class of imports or exports.

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2. Sanctions- A threatened penalty for disobeying a law or rule.

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2. Sanctions- A threatened penalty for disobeying a law or rule.

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1. Embargo- an official ban on trade or other commercial activity with a particular country

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1. Embargo- an official ban on trade or other commercial activity with a particular country