| Absolute Advantage | The ability to produce more units of a good or service than some other producer, using the same quantity of resources. | |
| Assumptions | Beliefs or statements presupposed to be true. | |
| Affirmative Action: | Here are further guidelines. | |
| Administrative Transfer | Here are further guidelines. | |
| Allocation | Here are further guidelines. | |
| Allotment | Here are further guidelines. | |
| Asset | Here are further guidelines. | |
| Assistant Director of Supplies | Here are further guidelines. | |
| Audit | Here are further guidelines. | |
| Autonomous Agency | Here are further guidelines. | |
| Barter | Here are further guidelines. | |
| Budget | Here are further guidelines. | |
| Budget Year | Here are further guidelines. | |
| Codification, Codify: | The process of bringing customary international law to written form. | |
| Consumer durable goods | Here are further guidelines. | |
| Consumption | Here are further guidelines. | |
| Covenant: | Binding agreement between states; used synonymously with Convention and Treaty. | |
| Current year | Here are further guidelines. | |
| Code of conduct | Here are further guidelines. | |
| Conference Committee | Here are further guidelines. | |
| Criminal law (state law) | Here are further guidelines. | |
| Capacity | Here are further guidelines. | |
| Character | Here are further guidelines. | |
| Consequence | A result or effect of an action or decision; may be positive or negative. | |
| Consumers | Here are further guidelines. | |
| Council of Economic Advisers | Here are further guidelines. | |
| Credit | Here are further guidelines. | |
| Department of Food and Supplies | Here are further guidelines. | |
| Deficiency | Here are further guidelines. | |
| Demand | Here are further guidelines. | |
| Derived Demand | Here are further guidelines. | |
| Determinants of Demand | Here are further guidelines. | |
| Determinants of Supply | Here are further guidelines. | |
| Diminishing Marginal Utility | Here are further guidelines. | |
| Distribution | The allocation or dividing up of the goods and services a society produces. | |
| Durable Goods | Goods intended to last for a period of more than three years. | |
| Economy and Budget | Here are further guidelines. | |
| Economic Development | The process of improving the quality of human lives through raising living standards. Economic development is broader than economic growth, which is concerned with year-to-year increases in production. Economic development deals with the economic, social and political institutions that govern the way the economy and society function. | |
| Economic Efficiency | A situation in which no one in a society can be made better off without making someone else worse off. | |
| Economic Growth | An increase in real output as measured by real GDP or per capita real GDP. | |
| Endorsement | Here are further guidelines. | |
| Economic stimulus | Here are further guidelines. | |
| Economic growth | Here are further guidelines. | |
| Economic development | Here are further guidelines. | |
| Enrollment, Caseload, & Population (ECP) | Here are further guidelines. | |
| Essential Commodities Act | Here are further guidelines. | |
| Essential Services Maintenance Act | Here are further guidelines. | |
| Essential Ingredients of Economy | Here are further guidelines. | |
| Equipment. | Durable goods such as computers, desks, chairs, or cars. | |
| Executive Directive | Here are further guidelines. | |
| Executive Order | Here are further guidelines. | |
| Exports minus imports. | Here are further guidelines. | |
| Factors affecting economic growth | Here are further guidelines. | |
| Factors of Production | Here are further guidelines. | |
| Future Consequences | Here are further guidelines. | |
| Household | Here are further guidelines. | |
| Household survey | Here are further guidelines. | |
| Human Rights | Here are further guidelines. | |
| Heterogeneous Products | Here are further guidelines. | |
| Homogeneous Products | Here are further guidelines. | |
| Horizontal Merger | Here are further guidelines. | |
| Housing | Here are further guidelines. | |
| Human Capital | The health, education, experience, training, skills and values of people. Also known as human resources. | |
| Human Capital Investment | Investment of time, effort and resources in education and training--to increase one's own knowledge, skills, health, etc., or to develop those assets in others. | |
| Human Resources | The health, education, experience, training, skills and values of people. Also known as human capital. | |
| Human Rights Community: | A community based on human rights, where respect for the fundamental dignity of each individual is recognized as essential to the functioning and advancement of society. | |
| GDP gap | Here are further guidelines. | |
| Global Administrative Law | Here are further guidelines. | |
| Global Reserve System | Here are further guidelines. | |
| Government-sponsored enterprise (GSE) | Here are further guidelines. | |
| Globalization | Here are further guidelines. | |
| Goal | Something a person or organization plans to achieve in the future; an aim or desired result. | |
| Goods | Tangible objects that satisfy economic wants. | |
| Government Failure | Here are further guidelines. | |
| Gross domestic product (Products and services in essential ingredients of economy.) | Here are further guidelines. | |
| Non-essential Ingredients of Economy | Here are further guidelines. | |
| Identity Theft | Here are further guidelines. | |
| Imports | Here are further guidelines. | |
| Incentive | Here are further guidelines. | |
| Indirect Relationship | Here are further guidelines. | |
| Indivisible: | Refers to the equal importance of each human rights law. A person cannot be denied a right because someone decides it is "less important" or "nonessential." | |
| Inferior Good | Here are further guidelines. | |
| Innovation | A new idea or method. | |
| Intensive Growth | Quick, rapid growth in a certain sector or area. | |
| Interdependence | A situation in which decisions made by one person affect decisions made by other people, or events in one part of the world or sector of the economy affect other parts of the world or other sectors of the economy. | |
| Intermediate-Term Goal | Something a person or organization plans to achieve from one to five years in the future. | |
| Item | Here are further guidelines. | |
| Inventories | Here are further guidelines. | |
| Interdepartmental Transfer (IDT) | Here are further guidelines. | |
| Illinois Department of Human Services | Here are further guidelines. | |
| Land | Here are further guidelines. | |
| Law of Diminishing Marginal Returns | Here are further guidelines. | |
| Loan Scam | Here are further guidelines. | |
| Long-Term Goal | Something a person or organization plans to achieve at least five years in the future. | |
| Macro-economic | Here are further guidelines. | |
| Maintenance | Here are further guidelines. | |
| Management Plan | Here are further guidelines. | |
| Manufactured home | A housing type that is wholly or substantially built in a factory and then delivered to the building site for final assembly and installation. | |
| Mixed-use development | A type of development that combines various uses, such as office, institutional, and residential, in a single building or on a single site in an integrated development project with significant functional interrelationships and a coherent physical design. | |
| Micro-economic | Here are further guidelines. | |
| Natural Rights: | Rights that belong to people simply because they are human beings. | |
| Net worth | Here are further guidelines. | |
| Net Exports | Here are further guidelines. | |
| Objects (line-items) | Here are further guidelines. | |
| Occupation | A job or profession; also a category of work, sometimes identified by the degree of skill required. | |
| Outsourcing | Here are further guidelines. | |
| PIN (Personal Identification Number) | Here are further guidelines. | |
| Planned Economic System | Here are further guidelines. | |
| Political Rights: | The right of people to participate in the political life of their communities and society. | |
| Producers People and firms that use resources to make goods and services. Product | A good or service that can be used to satisfy a want. | |
| Production | A process of manufacturing, growing, designing, or otherwise using productive resources to create goods or services used to to satisfy a want. | |
| Productivity | The amount of output (goods and services) produced per unit of input (productive resources) used. | |
| Property Rights | Legal protection for the boundaries and possession of property. Assigning of property rights to individuals, collectives or governments depends on the economic system. | |
| Public-Choice Analysis | The study of decision making as it affects the organization and operation of government and other collective organizations. Involves the application of economic principles to political science topics. | |
| Past Year | Here are further guidelines. | |
| Positions | Here are further guidelines. | |
| Programs | Here are further guidelines. | |
| Proposed New Positions | Here are further guidelines. | |
| Potential GDP | Here are further guidelines. | |
| Public Distribution System | Here are further guidelines. | |
| Public distribution shop | Here are further guidelines. | |
| Program account | Here are further guidelines. | |
| Projections | Here are further guidelines. | |
| Productivity | Here are further guidelines. | |
| Prior Year | Here are further guidelines. | |
| Program. | A narrower, more targeted focus on a specific aspect of the general objective addressed by an agency's program series. There are various numbers of programs grouped under each agency program series. | |
| Program Series. | A governmental activity for an agency or a closely related group of activities intended to address an identified need, problem, or objective. A program series corresponds with a major area of focus or goal for a state agency and in most cases is composed of two or more programs. | |
| Quality Comparison | Examining products to learn whether one is better than others. | |
| Quantity Demanded | Here are further guidelines. | |
| Quantity Supplied | Here are further guidelines. | |
| Quotas | Here are further guidelines. | |
| Recession | Here are further guidelines. | |
| Rehab code | Special building codes designed to make it easier to renovate older homes, while ensuring that modern safety concerns are addressed. | |
| Rehabilitate | The process of renovating and restoring older or deteriorating properties. State department of planning and development. | |
| Ration cards | Here are further guidelines. | |
| Rationing | Here are further guidelines. | |
| Rational Expectations | Here are further guidelines. | |
| Rational Ignorance | Here are further guidelines. | |
| Resources | Here are further guidelines. | |
| Reconciliation | Here are further guidelines. | |
| Recovery | Here are further guidelines. | |
| Rescission | Here are further guidelines. | |
| Resources | Here are further guidelines. | |
| Sectoral analysis | Here are further guidelines. | |
| Special Program | Here are further guidelines. | |
| Staff | Here are further guidelines. | |
| State of Illinois | Here are further guidelines. | |
| State Budget Office | Here are further guidelines. | |
| State Operations | Here are further guidelines. | |
| State department of housing and development. | Here are further guidelines. | |
| Summary of Program Requirements | Here are further guidelines. | |
| Surplus | Here are further guidelines. | |
| Time-series data | Here are further guidelines. | |
| Total resource availability | Here are further guidelines. | |
| Transition Economy | Here are further guidelines. | |
| Utility | Here are further guidelines. | |
| Work Order Account | Here are further guidelines. | |
| Work Project | Here are further guidelines. | |
| Work | Here are further guidelines. |