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Economics & Finance

Markets, money, economic cycles, assets, trade and financial instruments.

56 concepts29 terms

Concepts

Terms

Bailoutnoun
An emergency provision of financial assistance to a failing company, bank, or economy to prevent insolvency.
brokeragenoun
The business, activity, or fee of a licensed broker who facilitates commercial transactions between buyers and sellers.
cinnamonnoun
An aromatic spice obtained from the stripped inner bark of several tree species of the genus Cinnamomum.
commoditynoun
A basic primary good, agricultural staple, or raw material that is interchangeable with other goods of the same type.
Consumernoun
An individual or group that acquires, purchases, or consumes physical or commercial goods and services for personal use. In marketing, consumers are studied for purchasing patterns and brand preferences.
Corporativismnoun
The defence of the interests of a business class or professional group above the general interest, and the culture built around it. The word also names a political and economic system organized through corporations of employers, workers and professions.
Deficitnoun
The amount by which a sum of money falls short of the required or expected amount, particularly when spending exceeds revenue.
Deflationaryadjective
Tending to cause or associated with a general and persistent decline in price levels across an economy.
denariusnoun
A standard silver coin in ancient Roman currency that served as the principal denomination of daily commerce and military pay.
Emporoinoun
Ancient Greek merchants or maritime traders who carried goods between different city-states and overseas ports.
fiat currencynoun
Government-issued legal tender not backed by a physical commodity such as gold or silver.
Incentivenoun
A motivating factor, reward, or condition that incites or encourages an individual or business to take action.
intangibleadjective
Incapable of being perceived by touch or physical senses, yet possessing recognizable economic or conceptual worth.
Inventorynoun
A complete itemized catalog or aggregate stock of raw materials, parts, works in progress, and finished goods held in custody by a business enterprise for production or commercial sale.
Liquiditynoun
The quality of flowing easily, adapting continuously, and lacking permanent shape. In modern sociology, it describes the transient, rapidly changing nature of contemporary social relationships.
Livelihoodnoun
A means of securing the necessities of life through honest occupation, craft, or employment. It represents the material and vocational foundation supporting human dignity.
Logisticsnoun
The detailed organization, planning, and practical implementation of complex operations involving the movement, transport, and maintenance of materials, goods, and personnel across distribution channels.
Mineralnoun
A naturally occurring inorganic solid substance characterized by a definite chemical composition and an ordered internal atomic structure. It is extracted by industrial or manual methods for metallurgy and manufacturing.
Motherlodenoun
A principal geological vein of rich gold or silver ore, or metaphorically a massive source of sudden wealth and luck. In gaming culture, it famously represents the cheat command that awards instant money.
Recessionnoun
A significant and widespread decline in economic activity lasting across several months, typically marked by falling GDP, reduced industrial production, and rising unemployment.
Smugglingnoun
The clandestine and illegal transport of goods, currency, persons, or natural commodities across jurisdictional borders to evade tariffs, customs controls, or legal bans.
spicenoun
An aromatic or pungent vegetable substance used to flavor, color, or preserve food and beverages.
Stagnationnoun
A state of inactivity, sluggishness, or lack of growth in an economy or commercial system.
Subproletarianadjective
Relating to or belonging to an impoverished social stratum positioned below the regular industrial working class.

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Topic areas: Market