Malina

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created by humans
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man-made
extreme scarcity of food
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famine
said to be wrong
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disappoint
period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP
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recession
system where the means of producing and distributing goods is collectively owned by a centralized government
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socialism
situation when inflation rate is high, economic growth rate slows and unemployment remains steadily high
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stagflation
deregulation of economy and cutting taxes, especially government taxes
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trickle-down economics
deregulation of economy and cutting taxes, especially government taxes
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fiscal policy
situation where there is only one company hiring and workers are relatively immobile
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monopsony
a state in which opposing forces or influences are balanced
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equilibrium
situations when some employers might voluntarily offer higher wages to increase worker productivity
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efficiency wages
a series of workers and machines in a factory by which a succession of identical items is progressively put together
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assembly line
encourage development of or increased activity in (a state or process)
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incentive/stimulate
denoting or relating to a value or quantity lying at the midpoint of a frequency distribution of observed values or quantities, such there is an equal probability of falling above or below it
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median
a society or association formed by people with a common interest or purpose
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union

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