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20 Cards in this Set
- Front
- Back
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Exports
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to send goods to another country for sale
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Imports
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to buy or bring in products from another country
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Trading partners
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the buying and selling of shares and money
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Inflation
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a general, continuous increase in prices
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productivity
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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
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taxation
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the system of taxing people
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Gross Domestic Product(GDP)
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SPECIALIZED ABBREVIATION FOR Gross Domestic Product: the total value of goods and services produced by a country in a year
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revenue
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the income that a government or company receives regularly
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income
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money that is earned from doing work or received from investments
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manufacturing
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companies that produce manufactured goods
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service
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a set of items such as plates, cups or other utensils that are used in providing and eating food
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flexibility
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able to change or be changed easily according to the situation
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corruption
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illegal, immoral or dishonest behaviour, especially by people in positions of power
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regulation/deregulated
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an official rule or the act of controlling
to remove national or local government controls or rules from a business or other activity |
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investment
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to put money, effort, time etc. into something to make a profit or get an advantage
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cluster
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a group of similar things that are close together, sometimes surrounding something
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recession
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a period when the economy of a country is not successful and conditions for business are bad
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privatisation
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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
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stability
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when something is not likely to move or change
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Economic growth
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making a profit, or likely to make a profit
the process of growing physically, ma\ebtally or emotionally |
