🌐Foreign Direct Investment

Investment made by a company into business interests in another country.

🚌Free Rider

Someone who benefits from a public good without paying for it.

♟️Game Theory

The study of strategic interactions between rational decision-makers.

🌍Globalization

The growing interconnection of world economies through trade and investment.

🇬🇳Gross Domestic Product

The total market value of all final goods and services produced in a country.

🌍Gross National Product

The total value of goods and services produced by a country's residents.

🧠Human Capital

The skills, knowledge, and experience possessed by a workforce.

🎈Hyperinflation

Extremely rapid and out-of-control price increases in an economy.

⚖️Income Inequality

The unequal distribution of income across a population.

📈Inflation

A sustained increase in the general price level of goods and services.

📊Interest Rate

The cost of borrowing money or the return on saving, expressed as a percentage.

📈Investment

The allocation of resources with the expectation of future returns.

👷Labor Force

The total number of people employed or actively seeking work.

🌍Macroeconomics

The branch of economics studying whole economies and aggregates.

➕Marginal Cost

The additional cost of producing one more unit of a good.

➖Marginal Revenue

The additional revenue gained from selling one more unit.

🏪Market

A system where buyers and sellers exchange goods, services, or resources.

⚠️Market Failure

A situation where a market does not allocate resources efficiently.

🔬Microeconomics

The branch of economics studying individual agents and markets.

🏦Monetary Policy

Central bank actions to control money supply and interest rates.

💵Money Supply

The total amount of money circulating in an economy at a given time.

🛍️Monopolistic Competition

A market with many sellers offering differentiated products.

👑Monopoly

A market structure with a single seller controlling the entire supply.

🏛️National Debt

The total amount of money a government owes to creditors.

🏢Oligopoly

A market dominated by a small number of large sellers.

⚖️Opportunity Cost

The value of the next best alternative forgone when making a choice.

🔄Perfect Competition

A theoretical market with many buyers and sellers of identical products.

🏚️Poverty

The state of lacking sufficient financial resources for basic needs.

🏷️Price

The monetary value assigned to a good or service in an exchange.

🏭Producer Price Index

A measure of average changes in selling prices received by producers.