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The English archeologist who discovered and named Minoan civilization on Crete was Sir Arthur Evans.
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.
Economic Improvement
The increase in overall economic health, usually marked by factors such as GDP growth, higher living standards, and reduced poverty rates.
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