A market economy based on supply and demand with little or no government intervention

Where the government spends less money than it receives in order to contract economic activity

An economic system where the forces of demand and supply determine how economic resources will be utilised

The ability to produce goods and/or services at a lower opportunity cost than other firms or individuals; the ability to sell goods and services at a lower price than competitors

A person or business that makes a good or provides a service to consumers

Refers to the particular countries and kinds of countries towards which a country's exports are sent, and from which its imports are bought

An index that measures the confidence of businessed involved in exporting goods and services to other countries

A term used to describe the inputs used in the production of goods and services

A sector of the economy relating to products known as services

Types of products (goods and/or services) being traded

A sector of the economy relating to natural resources

A customer or shopper who purchases goods and services

An economic system that is partially free enterprise and partially under government control

Where the government spends more money than it receives in taxation and other revenue in order to expand economic activity