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U57

U57

U57

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Joel Baur
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Joel Baur
This flashcard set helps university-level learners of English expand their economic vocabulary. Focusing on key terms like "trade surplus," "raw materials," and "middle class," it covers essential concepts for understanding global economies. The platform supports backward learning, allowing users to practice from the target language to the source language. Ideal for students and professionals, this set aids in mastering complex economic terms, making it valuable for those at an advanced level seeking to enhance their fluency in economic discussions.
Flashcards
27
Students
1
Language
German
Category
English
Level
University
Created / Updated
28.05.2016 / 30.05.2016
  • 1  / 27

Flashcards

the people who live in a country and are becoming old people

ageing population (n)

things that are produced by farming

agricultural products (pl n)
products which everyone needs

basic goods (pl n)

when the number of people being born is becoming less

declining birth rate (n)

the quantity and characteristics of the people who live in a particular area, especially in relation to their age, how much money they have and what they spennd it on

demographics (pl n)

a country that has advanced industries

developed country (n)
a country that is quite poor and does not have advanced industries

developing country (n)

how advanced an economy is

economic development (n)

the base on which an economy is built

economic foundations (pl n)

when an economy stays the same and there are no sudden changes

economic stability (n)
the process of teaching and learning in a school or collegem or knowledge you get from this

education (n)

a country that is starting to have a very successful economy

emerging economy (n)

a supply of foreign money that a country can use if necessary

foreign currency reserves (pl n)

the degree to which the value of all the goods and services produced in a country in a year increases

GDP growth (n)
the value of all the goods and services produced in a country in a year divided by the number of people in the country

GDP per capita / income per head (n)

goods that are high in price when compared to other goods

higher-priced goods (pl n)

chemical combinations of carbon and hydrogen, for example oil or petrol

hydrocarbons (pl n)

a country that does not have a very advanced economy or industries

least developed country (n)
a country whose economy depends on jobs that involve making things in factories

manufacturing-based economy (n)

a social group that consists of well-educated people, who have good jobs and are neither very rich nor very poor

middle class (n)

natural things such as coal, oil, and trees that people use

natural resources (pl n)

a group of eleven countries that a report by Goldman Sachs believes will become large economies

Next Eleven (N-11)
the use of a company in another country to do part of your company's work

offshoring (n)

lack of protectionism

openness of trade and investment policies (n)

natural substances before they have been processed

raw materials (pl n)

the situation when a country sells more goods in other countries than it buys from other countries

trade surplus (n)

the amount of money that a person or country has

wealth level (n)

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