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Covid-19 and economy
Term | Definition |
---|---|
outbreak | a time when something unpleasant for example a disease suddenly begins |
restriction | an official limit on something |
demand | amount of product or service that people want |
unemployment | a situation in which some people do not have work |
pandemic | a disease that affects people across the whole world |
stock market | a place where companies sell and buy shares |
turn red | to fall below its starting value (about stock markets) |
profit | money earned in business |
GDP | the total value of goods and services produced by a country in a year |
recession | the period of decline in economic activities |
recovery | the period of improvement of economy after problems |
supplier | a company or person that provides things people need |
bubble | a (short) period of a very successful economic performance often followed by failure |
decline | the process of becoming less in amount, strength or importance |
liquid | that can be quickly sold or converted into cash |
assets | property that a company owns |
bear market | a time when price of shares is falling and a lot of people are selling them |
supply | amount of things available for use |
damage | loss and harm |
goods | things for sale |