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19 Cards in this Set

  • Front
  • Back
export
noun [C or U]
a product that you sell in another country, or the business of sending goods to another country in order to sell them there
import
noun
1 [C usually plural] goods bought by one country from another
Trade
noun [U]
1 the activity of buying and selling, or exchanging, goods and/or services between people or countries
unemployment
1 the number of people who do not have a job which provides money:
2 the state of being unemployed
inflation
noun [U]
a general, continuous increase in prices
productivity
noun [U]
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
noun [U]
the system of taxing people
GDP
noun [U]
SPECIALIZED ABBREVIATION FOR Gross Domestic Product: the total value of goods and services produced by a country in a year:
per capita
adverb, adjective FORMAL
If you state an amount per capita, you mean that amount for each person:
revenue
noun [U] (ALSO revenues)
the income that a government or company receives regularly
income
noun [C or U]
money that is earned from doing work or received from investments
manufacture
verb [T]
to produce goods in large numbers, usually in a factory using machines
flexible
adjective
able to bend or to be bent easily without breaking
corrupt
verb [T]
to make someone or something become dishonest or immoral
invest
verb [I or T]
to put money, effort, time etc. into something to make a profit or get an advantage
cluster
group noun [C]
a group of similar things that are close together, sometimes surrounding something
recession
noun [C or U]
a period when the economy of a country is not successful and conditions for business are bad
privatisation
controlled or paid for by a person or company and not by the government
stablity
noun [U]
when something is not likely to move or change