TERMS 201-300

the ease with which savings or other assets can be converted to cash

suspending business and wages to pressure a union to accept management's terms

loans that mature (come due) in more than a year

the study of the economy as a whole

place where buyers and sellers come together

an economic system in which national economic decisions are the result of decisions by individual buyers and sellers in the marketplace

the business activities that take place between production and consumption

any place in which goods are bought and sold

price at which goods or service and money will actually be exchanged. The price at which supply exactly equals demand.

the production of goods and services on a large scale, using division of labor and machinery or technology

method for settling labor disputes in which a third party makes nonbinding suggestions

some of the first modern economists who believed that nations should behave like merchants competing with one another; they wanted government support to keep the nation's businesses competitive

combination of previously separate firms into one

the study of the individual parts of the economy with special attention to the market process and how it works

establish the lowest legal wage that an employer can pay

economic system that combines elements of public ownership of the means of production with private ownership

use of Federal Reserve's power to control the supply of money and credit to influence economic activity in the nation as a whole, particularly to control inflation and stimulate economic growth

can be anything that is generally accepted in payment for goods and services

market for short-term credit instruments such as Treasury bills

mutual funds that use the resources of their investors to buy money-market certificates

seller who controls the supply of a good or a service

a market in which many firms are selling similar products

market in which there is only one seller

a long-term loan usually used to finance a building

corporations that sell stock and use the proceeds to invest or speculate in the securities markets

government takeover of a pricately owned industry

the things provided by nature that go into the creation of goods and services

assets that are easily turned into cash

the difference between total exports and total imports over the course of a year

an item in the federal budget representing the difference between the interest earned by the government on its investments and the interest it must pay on its debts

the difference between a firm's assets and its liabilities

methods other than selling-price changes used by firms to compete with one another

short-term loans owed by the corporation

one that has been organized to serve some particular educational, social, charitable or religious purpose rather than to earn a profit

market dominated by a few large firms

a cartel of crude-oil producing countries formed to regulate the production and prices of petroleum on international markets

one whose stock is sold to the public

agency of the Federal Reserve that regulates the nation's money supply

refers to the purchase and sale of government securities by the Fed's Open Market Committee

a business open equally to union and nonunion workers

the amount of goods and services that must be given up in order to obtain other goods and services

terms in which productivity is usually measured

brokerage firms around the nation that buy and sell securities of smaller firms not listed on the large exchanges

fixed costs of doing business

unincorporated business organization owned by two or more persons

savings accounts offering case of withdrawal, safety of prrincipal, and low interest rates

a monopoly to use a new product or idea exclusively for 17 years

GNP adjusted for changes in average prices and divided by the population; a figure showing the amount of real goods and services per person produced in the nation in a given year

a market for uniform products in which there are many buyers and sellers, no one of which is big enough to affect the price, full knowledge of market conditions

stock that receives a specified dividend before any dividends are paid on common stock and that receives a share of the assets of a liquidated corporation ahead of common stockholders

the money value of a good or service

practice of selling the same product for less to one company than to another

the absence of inflation or deflation

exonoomic system in which resources are allocated as a result of the interaction of the forces of supply and demand

the amount borrowed

basic right of the free enterprise system that guarantees the individuals right to own, use, and dispose of things of value

manufacturers and marketers of products on behalf of their members

the good or service one receives in an exchange

process of creating uniqueness in a product

attaching to a product statements identifying its contents and use

a curve showing the possible combinations of total output that could be produced if a nation's resources were fully employed

things used to produce goods and services

the output of goods and services as measured per unit of time, per person, per company...

what remains after the costs of doing business have been met

summary of a firm's revenue, costs and taxes over a period of time

difference between cost and selling price

the desire to benefit from the investment of time and money in a business enterprise

ne that takes a larger percentage of a higher income and a smaller percentage of a lower income

program designed to sell goods or services to the public

one that takes the same percentage of all incomes regardless of size

a statement containing perinent financial information published when a corporation is about to issue new securities

tariff levied to protect a domestic industry from foreign competition

a written authorization transferring voting rights to another at a stockholders' meeting

privately owned firms that provide an essential public service and are subject to government regulation

value of money

small, voluntary groups of employees who meet regularly to identify and solve work problems

maintaining acceptable and dependable lvels of quality in production

restrictions on the number of goods that can enter the country from abroad

the price at which a particular currency sells in terms of other currencies

annual percentage increase in the general level of prices

the amount of interest or dividends stated as a percentage of the principal of an investment

rely on logic or reason to convince the consumer to buy a product

adjusted for changes in the price level

the bottom of the busines cycle

one that takes a higher percentafe of a low income and a lower percentage of high income

return paid to those who supply the factor of production known as land

activity directed towards discovering new products & processes

the proportion of a bank's deposits that cannot be loaned

anything used as an input in the creation of goods and services

undistributed profits

tax on imports designed to raise money for the gov

state laws guaranteeing individuals the right to hold a job without being required to join a union

one in which there are fewer than 2500 residents

a regressive tax added to the sale of goods when they are sold

financial institution that holds personal savings

a limit to the supply of productive resources or consumer goods in relation to producers' or consumers' demand for them

business organization that enjoys advantages of the corporation without being subject to corporate taxes

market where brokers meet to by and sell stocks and bonds

Federal agency charged with protecting the public against wrogdoing in the sale of securities

the importance assigned to a worker's length of service whin it comes to questions of raises or layoffs