ECONOMICS - The study of the production, distribution and consumption of goods and services, TRADE - Buying and selling or bartering commodities, PURCHASE - To obtain by paying money or its equivalent, MARKET - An economic system where productions and prices are determined by a competition between privately owned business, BARGAIN - When interested parties try to reach an agreement, GOODS - Merchandise or possessions, SERVICES - An act or use for which a consumer, business or government is willing to pay, SUPPLY - Quantity available of the product, DEMAND - The amount of a good or service that consumers are willing to purchase at a defined price, ECONOMIC SYSTEM - A mean by which societies or governments organize and distribute available resources, services, and goods across the country., CURRENCY - A system of money in general used in a particular country., INTEREST - Money paid regularly at a particular rate for the use of the money lent,

Economic system vocabulary

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