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North Carolina in the Connected AgeChallenges and Opportunities in a Globalizing Economy$
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Michael L. Walden

Print publication date: 2008

Print ISBN-13: 9780807832219

Published to North Carolina Scholarship Online: July 2014

DOI: 10.5149/9780807888742_walden

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PRINTED FROM UNIVERSITY OF NORTH CAROLINA PRESS SCHOLARSHIP ONLINE (www.northcarolina.universitypressscholarship.com). (c) Copyright University of North Carolina Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in NCSO for personal use.date: 18 September 2021

A Primer on Economic Concepts

A Primer on Economic Concepts

Chapter:
(p.213) A Primer on Economic Concepts
Source:
North Carolina in the Connected Age
Author(s):

Michael L. Walden

Publisher:
University of North Carolina Press
DOI:10.5149/9780807888742_walden.11

This is a book about the economy of North Carolina; as a result, economic concepts are used throughout. Like any discipline, economics has its own jargon. Jargon is really simply a shortcut for ideas that may take several sentences to explain. Economics jargon is not mind-numbing but is really based on common sense. Using jargon is a way to get to the point more quickly. This section includes an alphabetical list of some key economic terms and ideas used in the book, along with their explanations. If you come across one in the book and are confused about what it means, this primer serves as an easy reference for getting you back on track.

Keywords:   economy, North Carolina, economic concepts, jargon, common sense, key economic terms

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