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ECONOMICS - Vocabulary Exercises

Economics

At https://www.britannica.com/topics/economicsIncludes: drawing a "flow of money, goods and services" chart, without public sector or foreign sector.Economics: social science that seeks to analyze and describe the production, distribution, and consumption of wealth.

OFERTA I DEMANDA

Com es diu "oferta" i "demanda"?

"Supply" and "demand".

MACRO AND MICROECONOMICS

Search for an image defining "macroeconomics" and "microeconomics"

."Macroeconomics" refers to an economy as a whole ("the big picture"), whereas "microeconomics" analyzes individual agents in an economy ("the details"). Individual agents are: businesses, households and public sector. Source: Google search, using "Images"

INVESTMENT

Define "investment"

Investment, process of exchanging income during one period of time for an asset that is expected to produce earnings in future periods. Thus, consumption in the current period is foregone in order to obtain a greater return in the future. (Britannica.com)En català: Inversió.

GLOBALISATION

Write at 3 or more drivers of globalisation

For example, using the following UNESCO site: http://www.unesco.org/education/tlsf/mods/theme_c/mod18.html?panel=4#top1) Promotion of free trade2) Multinational Corporations3) Transport, the media and communications technologies4) Consumerism

PRODUCTE INTERIOR BRUT

Com es diu "Producte Interior Brut (PIB)" en anglès? Trobeu una imatge que compari el PIB de diferents països

GDP, or "Gross Domestic Product".Image samples below. Source: Google search, "world GDP"

TAXES and SHADOW ECONOMY

Are tax avoidance and tax evasion the same?

https://en.oxforddictionaries.com/definition/tax_evasionNo. Tax avoidance = The arrangement of one's financial affairs to minimize tax liability within the law.. En català: optimització fiscal.Tax evasion = The illegal non-payment or underpayment of tax. En català: evasió fiscal.

And what does "shadow or underground economy" stand for?

"Economia submergida". An example:

EMPLOYMENT

Global employment challenges and labour migration

Provide a video on global employment challenges and labour migration.As an example, there are many of them in Google search, by "international labour market" - Videos:https://www.google.es/search?biw=1366&bih=613&tbm=vid&ei=IVkeW8zlNYazUZ6yiJgK&q=international+labour+market&oq=international+labour+market&gs_l=psy-ab.3...8218.11725.0.12373.0.0.0.0.0.0.0.0..0.0....0...1c.1.64.psy-ab..0.0.0....0.1AGMQsW0W9I

CAPITALISM

Compare the capitalist economy of your country with the economic system of a different country

For example, in Khan Academy, "The roots of capitalism": https://www.khanacademy.org/test-prep/mcat/critical-analysis-and-reasoning-skills-practice-questions/critical-analysis-and-reasoning-skills-tutorial/e/the-roots-of-capitalism.

CRIPTOMONEDES

Com es diu "criptomonedes" en anglès? Escriviu-ne una breu definició o doneu informació en anglès triada per valtros.

For example, at https://en.wikipedia.org/wiki/Cryptocurrency:Cryptocurrency. Their definition: A cryptocurrency (or crypto currency) is digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions.Cryptocurrency is a kind of digital currency, virtual currency or alternative currency.

TIPUS D'INTERÈS

I per acabar, com en diuen dels "tius d'interès" els parlants de l'imperial idioma anglès? Cerqueu un vídeo o altre material explicatiu triat per valtros.

Interest rate. "Interès simple" = simple interest. "Interès compost" = compound interest.For example, at https://www.khanacademy.org/economics-finance-domain/core-finance/interest-tutorial.

ECONOMICS - Web Sources

-Britannica: https://www.britannica.com/topics/economics-Cambridge Dictionary: https://dictionary.cambridge.org/es/diccionario/ingles/-Collins Dictionary: https://www.collinsdictionary.com/dictionary/english/economics (for example)-Khan Academy in English - Economics and Finance: https://www.khanacademy.org/-Oxford Dictionaries: http://www.oxfordreference.com-TheEconomist.com: https://www.economist.com/economics-a-to-z-Vocabulary.com - Economy: https://www.vocabulary.com/lists/7629-Wikipedia - Term search