of or pertaining to the right of workers to be employed whether or not they belong to a labor union.
inflation
a rapid rise in prices, usually occurring when demand exceeds supply.
producer price index
measure of the change in prices over time that united states producers charge for their goods and services. Measures wholesale price levels in the economy.
gross domestic product
the final market value of the total output of all goods and services produced within a country's geographic boundaries during a year's time; expresses the dollar value of what is produced, not the volume of production.
gross national product
is the total dollar value of all final goods and services produced for consumption in society during a particular time.
consumer price index
measure of the change in price over time of a specific group of goods and services used by the average household.
productivity
their amount of goods and services produced for every unit of resources used in their production.
conglomerate
large corporation made up of smaller corporations dealings in unrelated businesses.
monopoly
a condition in which a market is controlled by one supplier with no substitute goods or services readily available.
oligopoly
industry dominated by a few suppliers who exercise some control over price.
