Word #21 Economy- The amount of sales, supply, and demand in a country or region. Example: Economy means the amount of money through sales of goods across the country, where money is being circulated. Sentence: After WWII was started and the US became involved, our poor economy became better when jobs were created for the war effort.
Word #22 Economic System- What form of government defines the economic system, such as capitolistic or communism, ect. Example: If a country has a Communist government, they most likely have a communist style economic system. Sentence: Vietnam has a communist style economic system, while the USA has a capitolism style economic system.
Word #23 Supply and Demand: The amount vs need of a product or resource. Example: When drilling for oil is restricted, the supply goes down while the need stays the same or increases, raising prices. Sentence: The supply and demand of precious metals is high because of the increasing electronic use, while the available metal needed is decreasing due to mining laws and restrictions.
Word #24 Interest- A charge for borrowed money. Example: The interest rate was 2%, meaning after a certain amount of time, 2% more would need to be paid. Sentence: Interest sucks if you are paying it, but if you are being paid interest, its not so bad.
Word #25 Assets- A resource that can be traded or sold, such as goods or resources. Example: The company lost a majority of its assets when their largest warehouse was leveled in a tornado. Sentence: Assets are important to a business or corporation.
No comments:
Post a Comment