Examlex
The table below shows the price index in the economy at the end of four different years.
Economic Resource
Resources utilized in creating goods and services, including land, labor, capital, and entrepreneurship.
Business Checking Account
A bank account designed for business transactions, allowing companies to easily manage their cash flow, pay bills, and deposit earnings.
Production Possibilities Curve
A graph that shows the various combinations of outputs that an economy can possibly produce, given the available factors of production and technology.
Unemployment
A situation where individuals who are capable of working and willing to work are unable to find suitable employment.
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