defining terms 2
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| labor union | show 🗑
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| show | of or pertaining to the right of workers to be employed whether or not they belong to a labor union.
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| show | is a process of negotiation between employers and a group of employees aimed at reaching agreements to regulate working conditions.
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| show | 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.
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| gross national product | show 🗑
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| consumer price index | show 🗑
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| producer price index | show 🗑
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| show | their amount of goods and services produced for every unit of resources used in their production.
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| inflation | show 🗑
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| show | prolonged decline in the general price level of goods and services.
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| monopoly | show 🗑
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| show | economic system in which individuals own the factors of production and decide how to use them within legal limits; same as capitalism
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| oligopoly | show 🗑
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| conglomerate | show 🗑
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