Economic terms content

Economic terms.

content:

• Money
• Market
• Demand
• Supply
• Needs
• Economy
• Finance
• Price
• Income
• Expences
• innovation

Money

• Money
• Money - is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts such as taxes, in a particular country or socio-economic context.

Market

• Market
• A market is a place where two parties can gather to facilitate the exchange of goods and services. The parties involved are usually buyers and sellers

demand

• Demand is an economic principle referring to a consumer's desire to purchase goods and services and willingness to pay a price for a specific good or service.

Supply

• Supply
• Supply is a fundamental economic concept that describes the total amount of a specific good or service that is available to consumers. 

Needs

• Needs
• A need is something that is necessary for an organism to live a healthy life. Needs are distinguished from wants.

economics

• Economics is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices about how to allocate resources.

Finance

• Finance is a term for matters regarding the management, creation, and study of money and investments.

price

• Price is the monetary value of a good, service or resource established during a transaction.

income

• Income is money that a person or a business receives in return for working, providing a product or service, or investing capital.

expences

• An expense is the cost of operations that a company incurs to generate revenue.

innovation

• Innovation is a process by which a domain, a product, or a service is renewed and brought up to date by applying new processes, introducing new techniques, or establishing successful ideas to create new value.