Examlex
Pledging means using accounts payable as collateral for a loan from a finance company or bank.
Five Fundamental Questions
Key questions in economics that address what to produce, how to produce, for whom to produce, when to produce, and where to produce goods and services.
Central Bank
The national financial institution that oversees the monetary system of a country, controlling interest rates and currency supply.
Scarce Supply
Refers to the condition where the availability of a particular good or resource is insufficient to meet the demands.
Market System
An economic system where prices and the distribution of goods and services are determined by competition in a free market.
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