Post on 05-Jan-2016
© 2011 wheresjenny.com
World economy and its effects
© 2011 wheresjenny.com
Vocabulary
Inflation: Inflation is nothing but a rise in the level of prices of goods and/or services in an economy over a certain period of time
Fiscal Policy: a government adjusts its levels of spending in order to monitor and influence a nation's economy.
Credit creation: Bankruptcy is a legal status of an insolvent person or an organization, that is, one that cannot repay the debts owed to creditors
Energy crisis: An energy crisis is any great bottleneck (or price rise) in the supply of energy resources to an economy.
Recession: Recession means a general decline in the national income (GDP), which includes wages, salaries, profits, interest and rental income shrink. It is always accompanied by a rise in unemployment.
© 2011 wheresjenny.com
Vocabulary
English French
Inflation Inflation
Fiscal Policy la politique budgétaire
Credit creation la création de crédit
Energy crisis crise de l'énergie
Recession récession
© 2011 wheresjenny.com
© 2011 wheresjenny.com
Economic Cycle
© 2011 wheresjenny.com
© 2011 wheresjenny.com
Effects
© 2011 wheresjenny.com
Market economy
Producers Consumers
Can produce and sell at theirs prices
Can decide to buy or not
Both the Producers and Consumers are free to act, not a forced action
© 2011 wheresjenny.com
Rising Gold Price Rising Food Price
Stock Market crashed