(CP) Economics and Personal Finance - Basic Economic Terms 2

Gross Domestic Product (GDP) 

measure of market value of all final goods and services produced and rendered in a specific time period by a country or countries.

Consumer Spending

the value of goods and services purchased by, or on the behalf of U.S. residents

Income & Saving

income: the money you make

saving: the money you put away for later use

Industries

economic activity concerned with the processing of raw materials and maunfacture of goods in factories

International Trade & Investment

the causes and consequences of trade between and among nations and reigons

Prices & Inflation

a general increase in the prices of goods and services in the economy

Investment in Fixed Assets

the acquisition and capital improvement of tangible fixed assets, of which the sales and transfers of fixed assets are deducted

Employment

an activity or service performed for another especially for compensation or as an occupation