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Economics and Finance
Advanced economic vocabulary.
Inflation
A general rise in prices over time reducing buying power
Recession
A period of reduced economic activity
Capital
Money or assets used to invest or start a business
Debt
Money that is owed to someone else
Asset
Something of value owned by a person or company
Supply
The amount of something available for use or sale
Demand
The desire and ability of people to buy goods or services
Growth
An increase in the size or success of something
Poverty
The state of being very poor
Wealth
A large amount of money or valuable possessions
Crisis
A time of serious difficulty or danger
Exchange rate
The rate at which one currency is converted to another
