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South Asia Economics
| Term | Definition |
|---|---|
| a sum of money given for designated period of time which must be repaid | loan |
| a plan for spending and saving one’s income | budget |
| financial obligations, such as bills | expenses |
| an individual, bank, or company who loans money | lender |
| money which one has on-hand that can be freely spent | liquid |
| a fixed amount of a product or service allowed during times of shortage | rations |
| the required amount of a specific good that must be produced in a given timeframe | production quota |
| producing only what is necessary for personal use/survival | subsistence |
| a loan of money | credit |
| percentage of a borrowed sum of money which must be paid in addition to the repayment of the loan itself | interest |
| money granted by the government to assist a business or industry in lowering the cost of its product/service | subsidization |
| the transfer of work/production from one country to another where the cost of labor/manufacturing is cheaper | outsourcing |
| a person who opposes the authority of an established government | dissident |
| financial gain through illegal means, typically through kickbacks and bribes | graft |
| to transfer a business, industry, or service for public (government) to private control | privatize |
| The part of the economy owned and operated by private citizens, example Wal-mart | Private sector |
| Founder of Chinese Communist Party, Declared the People’s Republic of China communist in 1949 | Mao Zedong |
| Economic system based on traditions and customs. Bartering is the means of exchange. | Traditional |
| Bridges, ports, roads, and water treatments | Infrastructure |
| Seasonal wind lasting several months, often bringing heavy rains | Monsoon |
| (military) the act of containing something or someone; keeping it from spreading; | Containment |
| a union between people, groups, countries, etc. : a relationship in which people agree to work together. : the state of being joined in some activity or effort : the state of being allied | Alliance |
| Compensation or remuneration, as for damage or economic loss, required from a nation defeated in war; to pay | Reparations |
| 1 : supreme power especially over a political unit (as a country) 2 : a country's independent authority and right of self-control | Sovereign |
| is a policy (way of governing) in which large or powerful countries seek to extend their authority beyond their own borders. The policy of imperialism aims at the creation of an empire. Imperialist countries take control of other countries. | Imperialism |
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Comet_Isabel
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