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discretion
judgement
inelastic demand
when prices has little influence on demand for a product
demand elasticity
the degree to which demand is affected by price
fungible
can be easily substituted for a good of equal value and must have a need
economics
the study of the decisions that go into making, distributing, and using goods and services
allocates
distributes
economy
how a nation makes decisions to allocate its resources
derivatives
Securities that involve managing Financial Risk
supply
how much could a Shares are willing and able to produce at a certain price
price floor
a minimum price set by the government that can be charged for goods and services
price ceiling
the maximum price set by the government that can be charged for goods and
scarcity
the economic principle that requires people to decide which goods and services to use or not to use due to limited resources and unlimited wants
elastic demand
when demand for a product is affected by price
demand
how much consumers are willing and able to buy at a certain price
market economy
an economy controlled by the marketplace
factors of production
the resources needed to produce goods and services
opportunity cost
what you give up to get something else
incentives
something that encourages specific behavior
Financial Market
the means of purchasing and selling stocks bonds and commodities
command economy
the country controlled by Central Authority
equilibrium point
the price at which there are no overages and shortages of goods
non-depository institutions
intermediary between Savers and Borrowers
dividends
a payment for profit of a company to its shareholders
stocks
is share in a corporation
Note 
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