VOCABULARY-
Economy- Activities related to the production and distribution of goods and services.
*The economy is not good right now because alot of people are losing their jobs.
Economic System- Combination of various agencies,
* The economic system is corrupt.
Supply and Demand- Relationship between the quantity of a commodity that producers have available for sale and the quantity that consumers are willing and able to buy.
* The supply and demand increased because so much people were buying the product and they wanted more of it.
Interest- Fee paid by a borrower of the assets to the owner for loaning the money.
*You have to pay me $6.00 interest for lending you $600.00.
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