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Economics - Module 2.03

Key terms and concepts from BU20 Module 2.0

AB
Federal Reserve BankCentral bank of the U.S.
Oldest U.S. stock exchangeNYSE
Virtual U.S.stock exchangeNASDAQ
Stock sharesPart ownership of a corporation
StockholderPerson who owns part of a corporation
EconomyThe way a country makes economic choices
Traditional economyEconomy based upon the way things have already been done
SurplusSupply is greater than demand
ShortageDemand is greater than supply
e-CommerceBuying & selling on the Internet
Stock marketWhere stocks and other securities are bought & sold.
Bull marketStock market marked by rising prices and optimism
Bear marketStock market marked by falling prices and pessimism
Command economyEconomy controlled by the government
Market economyEconomy of free enterprise and no government involvement


E. Lawson Brown Middle School
Thomasville, NC

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