Flashcards in Vocabulary Deck (10):
Financial failure caused by an inability to pay one’s debts
Situation in which the supply of manufactured goods exceeds the demand
Sum of money paid regularly as a retirement benefit
Government practice of spending more money than is taken in from taxes
Money the government is authorized to remove from a worker’s salary and use to help support the government
Something offered as security for a loan
Economic system in which the government avoids all interference with the economy.
A loan in which a house is used as collateral.
A time when the economy is at a low