Home > Blossary: sophisticated terms of economic theory
These are complex terms used in in-depth economic thesis. This glossary will help you at a meaningful level in learning economic theory.

Category: Business

20 Terms

Created by: zzcgood

Number of Blossarys: 7

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The basic macroeconomic sector containing the private, profit-seeking firms in the economy that combine scarce resources into the production of wants-and-needs satisfying goods and services. The key ...

Domain: Economy; Category: Economics

Actions on the part of government that affect economic activity, resource allocation, and especially the voluntary decisions made through normal market exchanges. Government, by its very nature, is ...

Domain: Economy; Category: Economics

Gross domestic product (GDP) is the total market value of all goods and services produced within the political boundaries of an economy during a given period of time, usually one year. GDP is ...

Domain: Economy; Category: Economics

Ceteris paribus factors, other than aggregate income or production, that are held constant when the government purchases line is constructed and which cause the government purchases line to shift ...

Domain: Economy; Category: Economics

A bond, usually a corporate bond, that has a higher than average risk of default, but which pays a higher than average interest rate to compensate. Junk bonds were a popular method of investment ...

Domain: Economy; Category: Economics

The satisfaction or utility that a worker receives from employment. Job satisfaction might result from the working environment (friendly co-workers, supportive boss) or from the type of work ...

Domain: Economy; Category: Economics

Unemployed workers who have been involuntarily laid off or fired from their jobs. This is one of the official categories or unemployed workers tracted by the Bureau of Labor Statistics when compiling ...

Domain: Economy; Category: Economics

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