Business and management often sound more complicated than they really are. Not because the ideas themselves are complex, but because the language around them and the way they are defined is.
Terms like economy, market, recession, or inflation are used constantly, yet rarely explained in a way that actually makes sense to people outside business schools, finance departments, or LinkedIn debates. This creates a strange divide: decisions that affect everyone are discussed in a language most people were never taught.
I want to create a simple guide to basic management, marketing, economic terms that everyone could understand.
This list will keep being updated
Economy is how people produce, exchange, and consume things.
Market is where that exchange happens, physically or digitally.
Price is what people are willing to pay at a given moment, shaped by scarcity, demand, and expectations.
Stocks are ownership fragments. Buying a stock means buying a small piece of a company and betting on its future ability to create value.
Management is the coordination of people and resources toward a goal.
Marketing is about understanding people’s needs and communicating value.
Finance is about allocating limited resources.