Economic Process
Of process.
Any process affecting the production and development and management of material wealth.
This concept's ID is @1~67520
Contains
- inflation
A general and progressive increase in prices; "in inflation everything gets more valuable...
- spiral
A continuously accelerating change in the economy.
- demand
The ability and desire to purchase goods and services; "the automobile reduced the demand...
- deflation
A contraction of economic activity resulting in a decline of prices.
- disinflation
A reduction of prices intended to improve the balance of payments.
- supply
Offering goods and services for sale.
- market forces
The interaction of supply and demand that shapes a market economy.
- globalization
Growth to a global or worldwide scale; "the globalization of the communication in...
- economic growth
Steady growth in the productive capacity of the economy (and so a growth of national...