Standard of living: A minimum of necessities, comforts, or luxuries considered essential to maintaining a person or group in customary or proper status or circumstances.

Stagflation: An economic condition of both continuing inflation and stagnant business activity.

Stock: Ownership shares in the assets of a corporation.

Stock exchange: An organized market for the buying and selling of stocks and bonds. 122

Subsidy: An economic benefit, direct or indirect, granted by a government to domestic producers of goods or services, often to strengthen their competitive position against foreign companies.

Supply: A schedule of how much producers are willing and able to sell at all possible prices during some time period.