Market: meaning and example
English
Market
Any structure that allows buyers and sellers to exchange any type of goods, services, and information.
“The stock market can be volatile, reflecting changes in the economy.”
From the free BrainPod Economics I.
Try 5 cards right here. Guess the meaning, the same way you study in the app. No account needed.
More words from Economics I
Supply
The total amount of a product or service available for purchase.
Demand
The desire of consumers to buy a product or service.
Inflation
The rate at which the general level of prices for goods and services is rising.
GDP (Gross Domestic Product)
The total value of all goods and services produced in a country over a specific time period.
Recession
A significant decline in economic activity spread across the economy, lasting more than a few months.
Interest Rate
The amount charged by a lender to a borrower for the use of assets.
Unemployment
The state of being jobless and looking for a job.
Budget
An estimate of income and expenditure for a set period of time.
