Everyday Business
This word means a useful and easy skill in real life. starts with P
practical
When a country’s economy gets bigger and produces more. 2 words, E_______ G_____
economic growth
The value of one country’s money compared to another’s. 2 words, E______ R___
Exchange Rate
An economic systems where most people own profitable businesses. Starts with C
Capitalism
The state of being very, very poor. Starts with P
Poverty
This means to grow very strong and successful. starts with T
thrive
The total value of everything a country produces. Three inixial letters. Bonus 200 if you know the full the 3 words it stands for.
GDP - Gross Domestic Product
When your country’s money/asset becomes more valuable. Starts with A
appreciation
An economic system where the government owns and controls many services. Starts with S
Socialism
The basic systems a country needs, like roads, clean water, and electricity. Starts with I
Infrastructure
This means to give up something now to get something better later. Starts with S
sacrifice
When prices go up over time. Starts with I
Inflation
When your country’s money/asset becomes less valuable. Starts with D
Depreciation
An economic system where the government owns and controls EVERYTHING! Starts with c
Communism
The natural up and down movement of the economy, it goes around and around. 2 words, B_____ C____
business cycle
This word means another name for a business or company. Starts with E
enterprise
When prices go down over time. Starts with D
Deflation
When the government/company spends more money than it earns, and has a negative amount money. Starts with D
Deficit
Money the government gives to help businesses/people lower prices, could also be in the form of a tax break. Starts with S
Subsidy
When something is a heavy problem for people or businesses, like high taxes. It's a problem that won't go away easily and sometimes, it's a negative influence /pain that doesn't go away. starts with B
burden
This happens when a computer problem damages a company badly. Starts with C
cripple
A long period when the economy is doing badly.
Recession
When the government/company earns more money than it spends, and has a positive amount of money. Starts with S
surplus
Official government/company rules/laws for safety and fairness. Starts with R
Regulations
When the free market doesn’t give good results for society, it does not suceed. 2 words, M_____ F_____