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Regina Williams works for Findabuck Finance Company,but she seldom sees the inside of Findabuck's offices.Instead,she does most of her work on a computer located in the spare bedroom of her home.The computer is linked to Findabuck's office,so her work is distributed as quickly and efficiently as if she were at the office.Regina is one of the increasing number of workers who:
Economic Decline
A period where an economy experiences reduced economic activity, often marked by decreases in GDP, employment, and consumer spending.
Production Possibilities Frontier
A curve depicting all maximum output possibilities for two or more goods given a set of inputs (resources), assuming all inputs are used efficiently.
Unemployment Rate
The share of the working group that is currently without a job and actively on the lookout for one.
Specializing Exclusively
Involves focusing production or economic activities on a single area or product to maximize efficiency and expertise.
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