Collection10 terms
Journey R7N2 - Economy & Institutions
Word
inflation
Definition
Rise in prices over time.
Word
regulation
Definition
Rules controlling business and behavior.
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Glossary Reference
Guru Rank / CEFR C1. Institutional and economic vocabulary for advanced discussion.
inflation
Rise in prices over time.
regulation
Rules controlling business and behavior.
commerce
Trading goods and services.
finance
Management of money and investments.
investment
Allocation of resources for profit.
governance
System of ruling or managing.
bureaucracy
Administration by officials and rules.
taxation
Government collecting money from citizens.
subsidy
Financial assistance to promote activity.
enterprise
Business venture or project.
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