'M1' is a measure of the money supply that includes all physical money, such as coins and currency, as well as demand deposits, checking accounts and Negotiable Order of Withdrawal (NOW) accounts. Checkable deposits are any demand deposit account against which checks or drafts of any kind may be written.

An amount of money paid by an individual or business to a government agency for the privilege of performing a certain service or engaging in a certain line of business

An indirect tax charged on the sale of a particular commodity

A measure of the amount of money that is being earned per person in a certain area

A status of financial health in which expenditures exceed revenue is called "budget deficit".

An intermediary space between business and government where private energy can be deployed for public good

A measure of a bank's capital. It is expressed as a percentage of a bank's risk weighted credit exposures.

It is calculated by taking a measure of all sources of income in the aggregate (such as GDP or Gross national income) and dividing it by the total population.

The phase of the business cycle when the economy moves from a trough to a peak is called expansion.

A tax imposed by the government at the point of sale on retail goods and services is called sales tax. It is collected by the retailer and passed on to the state.

Net disposable income is the income which is at the disposal of the nation as a whole for spending or disposal.

He is known for his proposed definition of economics, and for his instrumental efforts in shifting Anglo-Saxon economics from its Marshallian direction.

Induced investment is investment expenditures by the business sector that are based on the level of income or production. The marginal propensity to save is the fraction of an increase in income that is not spent on an increase in consumption.

A tax that governments impose on financial income generated by all entities within their jurisdiction.

Revenue derived from the internal sources of the country