Examlex
Infant mortality in the U.S. decreased from 2002 to 2004 because rates in all 50 states declined.
Factor Market
A marketplace for the services of a factor of production (e.g., labor, capital), where firms buy resources they need to produce goods and services.
Circular Flow
An economic model depicting how money moves through an economy between producers and consumers, illustrating the continuous flow of goods and services and financial transactions.
Business
An organization or enterprising entity engaged in commercial, industrial, or professional activities.
Household
A person or a group of people that share their income.
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