© 2011 wheresjenny.com World economy and its effects.

© 2011 wheresjenny.com

World economy and its effects


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.


Vocabulary

English French

Inflation Inflation

Fiscal Policy la politique budgétaire

Credit creation la création de crédit

Energy crisis crise de l'énergie

Recession récession


Economic Cycle


Effects


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


Rising Gold Price Rising Food Price

Stock Market crashed

© 2011 wheresjenny.com World economy and its effects.

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