Economics #3

Giving small loans to low-income people

• Elasticity

• Microcredit

• Subsidy

• Macrocredit

A law that sets a minimum price in a specific market

• Price Floor

• Wealth

• Price Ceiling

• Price Gouging

The ability to continue a defined behavior indefinitely

• Predatory Pricing

• Elasticity

• Poverty Line

• Sustainability

Accumulated assets, minus liabilities

• Poverty

• Pricing

• Wealth

• Utilis

It looks at how individuals, businesses and governments make decisions

• Preserve Incentive

• Marginal Analysis

• Progressive Tax

• Default

State of the economy in which production represents consumer preferences

• Price Floor

• Progressive Tax

• Allocative Efficiency

• Free Riders

The idea that a business can drive out competitors by charging lower prices even at a short term loss

• Predatory Pricing

• Debt Ceiling

• Protectionism

• Monetary Policy

A unit used to quantify satisfaction

• Wealth

• Debt

• Poverty

• Utilis

How much your currency is worth when you trade it for another country's currency

• Depression

• Exchange Rate

• Extreme Poverty

• Currency

Rules established by governments decree

• Allocative Effciency

• Regulatory Rules

• Income Inequality

• Fiscal Policy