Chantel C- U3 Padlet by Chantel Contreras

Inflation

chantelcontreras — 2024-02-21 15:06:10 UTC

Inflation is a general increase in the prices of goods and services in an economy.

Interest

chantelcontreras — 2024-02-21 15:08:26 UTC

money paid regularly at a particular rate for the use of money

Unemployment rate

chantelcontreras — 2024-02-21 15:09:47 UTC

the number of unemployed people as a percentage of the labor force

Productivity

chantelcontreras — 2024-02-21 15:10:46 UTC

the state or quality of producing something, especially crops.

Market structure

chantelcontreras — 2024-02-21 15:13:26 UTC

depicts how firms are differentiated and categorized based on the types of goods they sell and how their operations are affected by external factors and elements

Monopoly

chantelcontreras — 2024-02-21 15:14:55 UTC

the exclusive possession or control of the supply of or trade in a commodity or service

Perfect Competition

chantelcontreras — 2024-02-21 15:18:10 UTC

the situation prevailing in a market in which buyers and sellers are so numerous and well informed that all elements of monopoly are absent and the market price of a commodity is beyond the control of individual buyers and sellers.

Oligopoly

chantelcontreras — 2024-02-21 15:20:05 UTC

a state of limited competition, in which a market is shared by a small number of producers or sellers.