FINANCE AND MONEY
What is the term for a document summarizing a company’s assets and liabilities?
Balance sheet
What is the term for a company that competes with others in the same industry?
Competitor
What term describes a period of rapid economic growth followed by a slowdown?
Booms and recessions
What is the term for the money received in exchange for work?
Wages
What is the term for goods and services exchanged between countries?
Goods and services
What is the term for the amount of money borrowed from a bank?
Loan
What do we call an organization that fixes prices and limits competition?
Cartel
What do we call a general decline in economic activity?
Downturn
What do we call the minimum wage set by law?
Statutory minimum wage
What is the term for the increasing integration of world economies?
Globalization
What does "Net worth" mean in finance?
the total value of assets minus liabilities of an individual or company
What is the term for the difference between a company's revenue and costs?
Profit margin
What is the term for the total sum of debt held by a country or company?
Debt
What is the term for money set aside by an individual for future use?
Savings
What indicator measures income inequality within a country?
gini coefficient
What term describes banknotes and coins in circulation?
Notes and coins
What is the action of setting a price on a market?
Set prices
What indicator measures the total value of goods and services produced in a country?
Gdp
What is the term for financial aid given to unemployed individuals by the government?
Unemployment benefit
What is the term for the difference between a country’s exports and imports?
Trade balance
What do we call a person or entity that lends money?
Lender
What is the marketplace where company shares are bought and sold?
Stock exchange
What is the term for a financial rescue given to a struggling company?
Bailout
What term describes the cost reductions achieved by large-scale production?
Economies of scale
What do we call the relocation of business activities to another country?
Offshoring