Identify the Following Terms

question 80

Short Answer

Identify the following terms.
-Ignatius Loyola and the Jesuits/Society of Jesus

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Definitions:

Necessities

Fundamental needs required for sustaining human life, such as food, water, shelter, and clothing.

Economic Activity

Any action that involves the production, distribution, and consumption of goods and services at all levels within a society.

Declining

A phase in the product life cycle where sales and profits begin to decrease as the product loses market interest or becomes obsolete.

Inflationary Economy

An economic condition characterized by a general increase in prices and fall in the purchasing value of money.