- When total public-sector spending equals total government income during the same period from taxes and charges for public services.
- A bond is an interest-bearing security issued by governments, companies and some other organisations. Bonds are an alternative way for the issuer to raise capital.
- Boom and bust. The long-run pattern of economic growth and recession.
- A market in which supply seems plentiful and prices seem low.
- Markets in securities such as bonds and shares.
- A free-market system built on private ownership, in particular, the idea that owners of capital have property rights that entitle them to earn a profit as a reward for putting their capital at risk in some form of economic activity.
- A guardian of the monetary system.
- Other things being equal.
- An economy that does not take part in International trade.
- When a government controls all aspects of economic activity.
- A comparatively homogeneous product that can typically be bought in bulk.
- The more competition there is, the more likely are firms to be efficient and prices to be low.
- The difference between what a consumer would be willing to pay for a good or service and what that consumer actually has to pay.
- A loan extended or taken by, for example, delayed payment of an invoice.
- When banks suddenly stop lending, or bond market liquidity evaporates, usually because creditors have become extremely risk-averse.
- A lender.
- In the red- when more money goes out than comes in.
- Falling prices.
- Protection for people's savings in case their bank goes bust.
- A fall in the value of an asset or a currency.
- The process of removing legal restrictions on the amount of competition, the sorts of business done, or the prices charged within a particular industry.
- Financial assets that derive their value from other assets.
- A sudden fall in the value of a currency against other currencies.
- The world's poor countries, also known as emerging…