TOP 11 Economics Vocabulary
- vocabulary, англійська мова, ТОП
Useful words to speak about economics
- Currency – the money that is used in a particular country at a particular time (валюта).
- Bankrupt – having no money (банкрут)
- Debt – an amount of money that you owe to (борг)
- Deficit – an amount that is less than that is needed (дефіцит)
- Demand – a need for something to be sold or supplied (попит)
- Supply – an amount of something that is available for use (пропозиція)
- Deregulation – the act of freeing from rules (дерегуляція)
- Devaluation – an official lowering of a nation’s currency (девальвація)
- Free Trade – international trade free of government interference (вільна торгівля)
- GDP – the total market values of goods and services within a nation’s borders (ВВП)
- Poverty Trap – a situation in which an increase in income results in a loss of benefits so that you are no better off (пастка бідності)
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