Download capital previously manufactured goods used to make other goods

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Transcript
capital
capital flight
capital gain
capitalism
capital loss
cartel
certificates of deposit
channels of distribution
charge account
checkable deposits
check clearing
checking account
circular flow of economic activity
circular flow of income
civilian labor force
closed shop
closing costs
club warehouse store
coincident indicators
collateral
collective bargaining
command economy
commercial bank
commodity money
common stock
communism
comparative advantage
comparison shopping
previously manufactured goods used to make other goods
and services (p. 6)
the legal or illegal export of currency or money capital
from a nation by that nation's leaders (p. 530)
increase in value of an asset from the time it was bought
to the time it was sold (p. 147)
economic system in which private individuals own the
factors of production (p. 41)
decrease in value of an asset or bond from the time it was
bought to the time it was sold (p. 147)
arrangement among groups of industrial businesses, often
in different countries, to reduce international competition
by controlling the price, production, and distribution of
goods (p. 245)
time deposits that state the amount of the deposit,
maturity, and rate of interest being paid (p. 143)
routes by which goods are moved from producers to
consumers (p. 302)
credit extended to a consumer allowing the consumer to
buy goods or services from a particular company and to
pay for them later (p. 90)
money deposited in a bank that can be withdrawn at any
time by presenting a check (p. 389)
method by which a check that has been deposited in one
institution is transferred to the issuer's depository
institution (p. 405)
account in which deposited money can be withdrawn at
any time by writing a check (p. 389)
economic model that pictures income as flowing
continuously between businesses and consumers (p. 37)
same as circular flow of economic activity (p. 458)
total number of people 16 years old or older who are
either employed or actively seeking work (p. 313)
company in which only union members could be hired (p.
324)
fees involved in arranging for a mortgage or in
transferring ownership of property (p. 123)
store that carries a limited number of brands and items in
large quantities; less expensive than supermarkets (p. 112)
economic indicators that usually change at the same time
as changes in overall business activity (p. 367)
something of value that a borrower lets the lender claim if
a loan is not repaid (p. 98)
process by which unions and employers negotiate the
conditions of employment (p. 328)
system in which the government controls the factors of
production and makes all decisions about their use (p. 34)
bank whose main functions are to accept deposits, lend
money, and transfer funds among banks, individuals, and
businesses (p. 89)
a medium of exchange such as cattle or gems that has
value as a commodity or good aside from its value as
money (p. 378)
shares of ownership in a corporation that give
stockholders voting rights and a portion of future profits
(after holders of preferred stock are paid) (p. 223)
term used by Karl Marx for his ideal society in which no
government is necessary (p. 500)
ability of a country to produce a product at a lower
opportunity cost than another country (p. 476)
getting information on the types and prices of products
competition
competitive advertising
complementary good
conglomerate
consumer
consumer-credit laws
consumer goods
consumerism
consumer price index (CPI)
consumer sovereignty
contraction
convenience store
copyright
corporate charter
corporation
cost-benefit analysis
cost-of-living adjustment (COLA)
cost-push inflation
craft union
credit
credit bureau
credit card
credit check
credit rating
available from different stores and companies before
purchasing a product (p. 69)
rivalry among producers or sellers of similar goods and
services to win more business (p. 44)
advertising that attempts to persuade consumers that a
product is different from and superior to any other (p. 68)
a product often used with another product; as the price of
the second product decreases, the demand for the first
product increases (p. 181)
large corporation made up of smaller corporations dealing
in unrelated businesses (p. 250)
any person or group that buys or uses goods and services
to satisfy personal needs and wants (p. 59)
laws passed to protect consumers by giving them access
to their credit records (p. 578)
goods produced for individuals and sold directly to the
public to be used as they are (p. 277)
movement to educate buyers about the purchases they
make and to demand better and safer products from
manufacturers (p. 72)
measure of the change in price over time of a specific
group of goods and services used by the average
household (p. 351)
the role of the consumer as ruler of the market when
determining the types of goods and services produced (p.
290)
part of the business cycle during which economic activity
is slowing down, leading to a trough (p. 360)
store open 16 to 24 hours a day, carrying a limited
selection of relatively higher-priced items (p. 113)
government protection that gives an author or artist the
exclusive right to sell, publish, or reproduce their works
for a specified number of years (p. 241)
license to operate granted to a corporation by the state
where it is established (p. 221)
type of business organization owned by many people but
treated by law as though it were a person; it can own
property, pay taxes, make contracts, and so on (p. 220)
a financial process in which a business estimates the cost
of action and compares it with the benefits of that action
(p. 265)
union contract or other provision providing for an
additional wage increase each year if the general level of
prices in the economy rises beyond a certain level (p. 329)
theory that the wage demands of labor unions and the
excessive profit motive of large corporations push up
prices, resulting in stagflation (p. 455)
union made up of skilled workers in a specific trade or
industry (p. 323)
receipt of money either directly or indirectly to buy goods
and services in the present with the promise to pay for
them in the future (p. 83)
private business that investigates a person to determine
the risk involved in lending money to that person (p. 96)
credit device that allows a person to make purchases at
many kinds of stores, restaurants, and other businesses
without paying cash (p. 91)
investigation of a person's income, current debts, personal
life, and past history of borrowing and repaying debts (p.
96)
rating of the risk involved in lending money to a specific
credit union
cybernomics
person or business (p. 96)
depository institution owned and operated by its members
to provide savings accounts and low-interest loans only to
its members (p. 89)
an economic system driven by Internet commerce (p. 566)