| A | B |
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| is a graph showing the relationship between the price and quantity of a certain commodity wanted by consumer | Demand Curve |
| a table showing the relationship between the price and quantity of a certain commodity wanted by consumer | Demand Schedule |
| is a graph showing the relationship between price and quantity of a commodity producers are willing to make availble | Supply Curve |
| is a table showing the relationship between price and quantity of a commodity producers are willing to make availble | Supply Schedule |
| An individual's total earnings from wages , passive enterprises , and investment interest and dividends . | Personal Income |
| The amount of income left to an individual after taxes have been paid, available for spending and saving . | Disposable Income |
| goods that are used together with other goods | Complimentary goods |
| goods that can be used in place of other goods | Substitute goods |
| an excessive amount, more than what is needed; found above the equilibrium price | Surplus |
| the market falls short of providing sufficient quantity; found below equilibrium price | Shortage |
| what customer likes and buys | Consumer Tastes |
| lowest wage, determined by law or contract, that an employer may pay an employee for a specified job | Minimum Wages |
| a generl rise in the price of goods | Inflation |
| A decline in general price levels, often caused by a reduction in the supply of money or credit | Deflation |
| government policy controling the lowest and highest amounts person can earn | Wage Control |
| a government price ceiling to keep cost of living within a manageble range | Price Control |
| A rate which is charged or paid for the use of money | Interest Rates |
| conservative political theory known as supply side economics | Trickle-down Effect/Economics |
| Supply-side economics, also known as trickle-down economics, is an economic theory that states that a reduction in taxes will stimulate the economy through increased consumer spending. | Supply Side Economics |
| a person who buys; purchaser | Buyers |
| salesperson or vender | Sellers |
| exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices. | Monopoly |
| a market form in which a market or industry is dominated by a small number of producers | Oligopoly |
| a market that has many buyers and sellers | Competitive Market |
| Merger is a term used to refer when two corporations join together into one, with one corporation surviving and the other corporation disappearing. The assets and liabilities of the disappearing entity are absorbed into the surviving entity. | Mergers |
| when two companies competing in the same market merge or join together. | Horizontal Merger |
| merger between two companies producing different goods or services for one specific finished product | Vertical Merger |
| corporations consisting of a number of different companies operating in diversified fields. | Conglomertes |
| corporations consisting of a number of different companies operating in diversified fields in many different countries | Multinational Conglomerates |
