Anti trust laws are laws that prohibit companies and businesses from monopolizing an entire economic market.

Average cost is the total cost for all products bought and/or made, divided by the number of products.

Also known as AVC, average variable costs is the total cost that a company can vary, divided by the total output of products.

Capital gain is the amount of money a product’s selling price exceeds it’s actual purchase price.

A certificate of deposit, also known as a CD, is a savings fund purchased through a bank. The certificate means you have deposited a sum of money for a specific amount of time. You earn interest on th [..]

A closed economy means a country has no economic dealings with any other country, including imports and/or exports.

Also known as the cost of living index, the consumer price index measures the change in cost of fixed products and services.

Debt is the state of owing money to someone or something.

Deficit spending is the amount of money a person or company spends in excess of their income over a measured amount of time.

Deflation is the decrease of price levels in an economy. Deflation usually occur when an economy is lacking a money supply, or the economy is failing.