Economic terminology of the Great Depression and New Deal
Terms
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- Stock
- A certificate representing a share of ownership in a company
- Entrepreneur
- Individual who begins, manages and bears the risks of a business
- Inflation
- A general rise in the price level
- Employment
- The work in which one is engaged; job-holding; occupation
- Supply
- To furnish or provide (a person, establishment, place, etc.) with what is lacking or requisite
- Regulation
- A principle, rule, or law designed to control or govern conduct
- Pump-priming
- Government action taken to stimulate the economy, as spending money in the commercial sector, cutting taxes, or reducing interest rates
- Market economy
- An economic system in which decisions are made largely by the interactions of buyers and sellers
- Price
- The amount people pay in exchange for a particular good or service
- Relief
- Money, food, or other help given to those in poverty or need
- Credit
- An arrangement for deferred payment of a loan or purchase
- Recovery
- To regain a former and better state or condition
- Central planning
- Organizational strategy in which a single agency (often a government) has sole responsibility; his limits communication and spontaneity but has the advantage that all organizational activities are more easily coordinated
- Reform
- To change or improve through alteration, substitution or abolition