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A Net Amount of Money Is The Amount That Remains When Nothing More Is To Be Taken Away

The document defines various economic and disaster-related terms: - It defines economic terms like white-collar worker, unskilled laborer, shop floor, expenditure, net loss, export demand, recession, state-owned industry, private sector, retail, credit, debit, automation, unemployment, inflation, balance of payments, taxation, GNP, interest rate, primary industry, secondary industry, service industry, nationalize, monopoly, output, income tax, VAT, deficit, key industry. - It also defines disaster-related terms like disaster, survivor, spout, suffering, erupt, break out, shake, casualty, spread, refugee, relief, flame, sweep through.

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67 views3 pages

A Net Amount of Money Is The Amount That Remains When Nothing More Is To Be Taken Away

The document defines various economic and disaster-related terms: - It defines economic terms like white-collar worker, unskilled laborer, shop floor, expenditure, net loss, export demand, recession, state-owned industry, private sector, retail, credit, debit, automation, unemployment, inflation, balance of payments, taxation, GNP, interest rate, primary industry, secondary industry, service industry, nationalize, monopoly, output, income tax, VAT, deficit, key industry. - It also defines disaster-related terms like disaster, survivor, spout, suffering, erupt, break out, shake, casualty, spread, refugee, relief, flame, sweep through.

Uploaded by

yespepe
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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take on - to hire somebody
white-collar - working in an office
unskilled laborer - not having or needing special skills or training
shop floor - the area in a factory where the goods are made by the workers
expenditure - an amount of money spent
net - a net amount of money is the amount that remains when nothing more is to be taken away
loss - money that has been lost by a business or a company
export - to sell goods to another country
demand for - a need for something to be sold or supplied
bust/recession - a difficult time for the economy of a country
state-owned industry / public sector - the section of industry or a company under the control of the government
private sector - owned by an individual person or an independent company rather than by the state
retail - the selling of goods to the public, usually through stores
to credit - to add money to a bank account
to debit - to take money out of a bank account
p.98
automation - the use of machines to do work that was previously done by people
unemployment - the state of not having a job
inflation - the rate at which prices increase
balance of payments - the difference between the money that a country receives from exports and the money
that it spends on imports
taxation - money that has to be paid as taxes

GNP - the total value of all the goods and services produced in a country
interest rate - the percentage amount charged by a bank when you borrow money from a bank
primary industry - the section of industry that provides raw materials to be made into goods, for example
farming and mining
secondary industry - the section of industry that uses raw materials to make goods
service industry - the part of a country's economy that provides services
nationalize - to put an industry or a company under the control of the government, which becomes its owner
monopoly - complete control of something, especially an area of business, so that others have no share
output - the amount of sth that a person, a machine or a company produces
income tax - the amount of money that you pay to the government according to how much you earn
VAT - a tax added to the price of goods and services in Britain and the EU
deficit - the total amount by which money spent is more than money received
key industry - an industry that is vital to the economy

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disaster - a sudden event such as a flood, or storm which causes great damage
survivor - someone who continues to live after a disaster
spout - to send out liquid very quickly in a powerful stream
suffering (N) - serious physical or mental pain
erupt - if a volcano erupts, it explodes.
break out - to start suddenly
shake - to move suddenly from side to side or up and down
casualty - a person who is killed or injured in war or in a disaster

spread - if something spreads, it becomes larger


refugee - a person who has been forced to leave their country or home, because there is a war
relief - food, money, medicine, etc. that is given to help people in places where there has been a war or disaster
flame - a lack of food during a long period of time in a region
sweep through - to move suddenly and/or with force over an area

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