When studying demographics, it is important to consider whether demographics are a cause or result of economic growth. Fiscal policy is made by Congress and the Administration. Total value of goods and services produced in a country. A rise, over time, in the average level of prices. The physical base on which productive activity takes place.
Infrastructure includes schools, roads, energy plants, street lights and sewer systems.
The right of an individual or a group to patent, copyright or in some other manner to claim ideas, creations, inventions or discoveries as one s own. Such protection provides an environment for entrepreneurs to safely market their products and services. Tools of monetary policy include open market operations, the discount rate and reserve requirements. An economy with relatively consistent values of goods and services from year to year, all things being equal. The limitations and guidelines that governments place on industry and individuals.