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9 Cards in this Set
- Front
- Back
Economic Crisis |
Economy of a country that experiences a sudden downturn that brought on by a financial crisis. |
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Welfare State |
State plays a key role the protection and promotion of the economic and social well- being of its citizens. |
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Neoliberalism |
Approach in which the control of economic factors is shifted from the public to the private sector. Based on the equality of opportunity and distribution of wealth. |
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Globalization |
Worldwide movement towards economic, trade and communications integration, an interconnected and interdependent world. |
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Regionalism |
System of dividing a city, state, etc. into separate administrative regions. |
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Trade embargo |
Any regulation that restricts international trade. |
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Economic Recovery |
Increasing business activity signaling the end of a recession. |
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Economic Miracle |
Rapid economic growth period that exceed expectations. |
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References: The Economist. (2015). Economics. January 20, 2015, de The Economist Sitio web: http://www.economist.com/economics-a-to-z |
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