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20 Cards in this Set

  • Front
  • Back
Exports
to send goods to another country for sale
Imports
to buy or bring in products from another country
Trading partners
the buying and selling of shares and money
Inflation
a general, continuous increase in prices
productivity
the rate at which a company or country makes goods, usually judged in connection with the number of people and the amount of materials necessary to produce the goods
taxation
the system of taxing people
Gross Domestic Product(GDP)
SPECIALIZED ABBREVIATION FOR Gross Domestic Product: the total value of goods and services produced by a country in a year
revenue
the income that a government or company receives regularly
income
money that is earned from doing work or received from investments
manufacturing
companies that produce manufactured goods
service
a set of items such as plates, cups or other utensils that are used in providing and eating food
flexibility
able to change or be changed easily according to the situation
corruption
illegal, immoral or dishonest behaviour, especially by people in positions of power
regulation/deregulated
an official rule or the act of controlling

to remove national or local government controls or rules from a business or other activity
investment
to put money, effort, time etc. into something to make a profit or get an advantage
cluster
a group of similar things that are close together, sometimes surrounding something
recession
a period when the economy of a country is not successful and conditions for business are bad
privatisation
If a government privatizes an industry, company or service that it owns and controls, it sells it so that it becomes privately owned and controlled
stability
when something is not likely to move or change
Economic growth
making a profit, or likely to make a profit

the process of growing physically, ma\ebtally or emotionally