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A Column Chart Turned on Its Side Is Called a Bar

question 40

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A column chart turned on its side is called a bar chart,with the length of the bar determined by the data value.


Definitions:

Externalities

Economic side effects or consequences of commercial activities that affect other parties without being reflected in costs.

Price Mechanism

The process through which prices rise and fall as a result of changes in supply and demand, determining the allocation of resources in a market economy.

Wage and Price Controls

Government-imposed restrictions on the levels at which wages and prices can be set, usually to control inflation.

Inflation

A general increase in prices and decrease in the purchasing value of money.

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