FRE GOODS - A free good is a good that is not scarce, and therefore is available

without limit.[1][2] A free good is available in as great a quantity as desired with

zero opportunity cost to society.

Consumer goods - A consumer good or final good is any commodity that is produced
or consumed by the consumer to satisfy current wants or needs. Consumer goods are
ultimately consumed, rather than used in the production of another good.

Producer goods - Producer goods also called intermediate goods, in economics,

goods manufactured and used in further manufacturing, processing, or resale. Producer
goods either become part of the final product or lose their distinct identity in the
manufacturing stream.

SERVICES - In economics, a service is a transaction in which no physical goods are

transferred from the seller to the buyer. The benefits of such a service are held to be
demonstrated by the buyer's willingness to make the exchange.
UTILITY - Within economics the concept of utility is used to model worth or value, but
its usage has evolved significantly over time. The term was introduced initially as a
measure of pleasure or satisfaction within the theory of utilitarianism by moral
philosophers such as Jeremy Bentham and John Stuart Mill.

Demand - Refers to the quantity of a good that consumers are willing and able to
purchase at various prices during a given period of time. The relationship between price
and quantity demanded is also known as demand curve. Preferences and choices,
which underlie demand, can be represented as functions of cost, benefit, odds and
other variables.

SUPPLY - In economics, supply is the amount of something

that firms, consumers, labourer sproviders of financial assets An import is a good
brought into a jurisdiction, especially across a national border, from an external source.
The party bringing in the good is called an importer.[1][2] An import in the receiving
country is an export from the sending country., or other economic agents are willing to
provide to the marketplace.

IMPORT - An import is a good brought into a jurisdiction, especially across a national

border, from an external source. The party bringing in the good is called
an importer.[1][2] An import in the receiving country is an export from the sending country.

EXPORT – The term export in international trade means the sending

of goods or services produced in one country to another country. The seller of such
goods and services is referred to as an exporter; the foreign buyer is referred to as
an importer.
INFLATION - In economics, inflation is a sustained increase in the price level of goods
and services in an economy over a period of time.

DEFLATION - In economics, deflation is a decrease in the general price level of goods

and services. This allows one to buy more goods and services than before with the
same amount of currency.

MARKET - A market is one of the many varieties

of systems, institutions, procedures, social relations and infrastructures whereby parties
engage in exchange.

PURE COMPETITION - In an ideal purely competitive market, the products being sold
would be identical, which removes the option of one seller offering something different
or better than another seller.

Monopoly - is a board game where players roll two six-sided dice to move around the
game board, buying and trading properties, and develop them with houses and hotels.

OLIGOPOLY - Oligopoly is a common market form where a number of firms are in

competition. As a quantitative description of oligopoly, the four-firm concentration ratio is
often utilized.

CONSUMERISM - Consumerism is a social and economic order that encourages the

acquisition of goods and services in ever-increasing amounts