Lernkarten

Karten 12 Karten
Lernende 2 Lernende
Sprache English
Stufe Grundschule
Erstellt / Aktualisiert 17.11.2012 / 13.03.2015
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perfectly competitive market

Market with many buyers and sellers, so that no single buyer or seller has a significant impact on price.

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market price

Price prevailing in a competitive market

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extent of a market

Boundaries of a market, both geographical and in terms of range of products produced and sold within it.

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nominal price

Absolute price of a good, unadjusted for inflation

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real price

Price of a good relative to an aggregate measure of prices; price adjusted for inflation.

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Consumer price index

Measure of the aggregate price level.

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Producer price index

Measure of the aggregate price level.

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Microeconomics

Branch of economics that deals with the behavior of individual economic units—consumers, firms, workers, and investors—as well as the markets that these units comprise.