1. | Goods | A. | exclusive control of a commodity or service in a particular market; total access or privilege to the exclusion of competitors |
2. | Trade-off | B. | decrease in the quantity of money in circulation, increase in buying power, decrease in prices |
3. | Inflation | C. | foundation, basis, substructure, underlying features of an operation |
4. | Conglomerate | D. | wealth, financial means; ability, capability; source of wealth; something which can be used for benefit or profit |
5. | Free Enterprise | E. | quality of being enterprising and full of initiative, practice of starting or undertaking new businesses |
6. | Infrastructure | F. | The highest-valued sacrifice needed to get a good or service. |
7. | Utility | G. | usefulness; use; public service; something useful; (Computers) utility program |
8. | Opportunity cost | H. | act of providing; act of offering; work, labor; function, role; set of dishes; religious ceremony; offer, presentation; help, aid; act of putting a ball into play (Sports); military, armed forces |
9. | Labor | I. | group or mass formed from diverse elements; large corporation formed by the merge of separate companies; (Geology) detrital sedimentary rock that is coarse grained and composed of round fragments cemented together |
10. | Scarcity | J. | merchandise; belongings, personal possessions; movable property |
11. | Deflation | K. | city where national or regional government is located; property, assets, wealth; top of a column |
12. | Oligopoly | L. | strenuous physical or mental work, toil, exertion; job or work that must be accomplished; work-force, workers; working class; uterine contractions; childbirth |
13. | Entrepreneurship | M. | freedom of private businesses to operate competitively for profit with minimal government regulation |
14. | Services | N. | country; state; nation; kingdom; estate; countryside; shore, dry land; ground; real estate |
15. | Factors of Production | O. | The opportunity costs of selecting one alternative rather than another. |
16. | Productivity | P. | scarceness of merchants, partial monopoly over market prices |
17. | Resources | Q. | is the ratio of output to inputs in production; it is a measure of the efficiency of production. |
18. | Capital | R. | rareness, scarceness, state of being in short supply |
19. | Land | S. | increase in the supply of money in relation to the amount of goods available resulting in a rise in prices; act of filling with air or gas; state of being filled with air or gas |
20. | Monopoly | T. | means used in the manufacturing of merchandise and the providing of services (land, labor, capital, management, etc.) |