Economics Words

Economic vocabulary shows up in news headlines every day, but the words are often used loosely. "Inflation," "recession," "deficit" — most people have a vague sense of what these mean, but the precise definitions matter when the numbers affect your life. This collection covers the core terminology from personal finance through macroeconomics.

55 words

asset austerity balance bond budget capital commerce commodity credit currency debt deficit demand depreciation dividend equity exchange export fiscal growth import income inflation interest investment labor liability liquidity margin market monetary monopoly mortgage output pension profit quota recession revenue savings scarcity shares stock subsidy supply surplus tariff taxation trade treasury unemployment value wage wealth yield