Capital		Market situation in which demand exceeds supply.
Shortages		Countries that try to reduce the differences between rich and poor.
Labor		Market situation in which supply exceeds demand.
Business cycle		Economy in which there is no government involvement in economic decision.
Prosperity		A period of economic slowdown that lasts for two quarters, or six months.
Communist		Recurring slowdown and growth of an economy.
Privatization		Everything on the earth that is in its natural state.
Demand		The physical development of a country, including its roads, parts, sanitation facilities, and utilities, especially telecommunication.
Producer Price Index		A period of prolonged recession.
Factors of production		The technical terms economists use for resources.
Depression		A period of rising prices.
Recession		Exclusive control over a product or the means of producing it.
Infrastructure		The struggle between companies for customer.
Productivity		Measures wholesale price levels in the economy.
Entrepreneurship		All of the people who work in the economy.
Market economy		The possibility of financial loss; the potential for loss or failure in relation to the potential for improved earnings.
Land		The process of selling government owned business to private individual.
Inflation		Point in the business cycle when the economy flourishes.
Economy		The way a nation makes economics choices.
Competition		Countries that have a totalitarian form of government which runs everything.
Equilibrium		The amount or quantity of goods and services that consume are willing and able to buy at various prices.
Surpluses		Output per worker hour.
Monopoly		The process of starting and managing your own business the skills of people who are willing to risk their time and money to run a business.
Risk		The point at which the amount of a product supplied equals the amount demanded.
Socialist		The money needed to start and operate a business.