Glossary

Reset Glossary
free market system

Subject: 

  • Economics

the economy is controlled by market forces of demand and supply.

Related Content

capital widening
Subject:
Economics

when the stock of capital increases at the same rate as the workforce so that production levels...

economic indicators
Subject:
Economics

statistical information about the economy that shows present conditions and trends in economic...

labour
Subject:
Economics

physical and mental work done by people called labourers (workers/employees) for a reward or...

wages
Subject:
Economics

money reward received by an employee daily or weekly usually.

urbanisation
Subject:
Economics

the movement of people into towns and cities (urban areas) from rural areas.