Teksti
Glossary: Economy A Fill in the blanks.
The most basic principle in economics is that the price of something will rise if less of it is available or if more people want it. This is called the law of supply and demand. So if the government just decides to print more money, that money will be worth less, thus causing inflation. The best way to make a profit is to sell something people really want, but not make too much available for sale. Another basic observation is that people want things they cannot pay for. They might buy things on credit or take out a loan, usually from a bank. The interest rate charged by the lender is what makes banking so profitable. If someone spends more than they make, that is deficit spending. If they make more than they spend, they have a surplus.
exercise B Complete the puzzle to find an idiom for what an accountant tries to do. Across 1. Borrow 2. Tax 3. Loss 4. Embargo 5. Bankrupt 6. Currency 7. Deposit 8. Debt 9. Crash 10. Invest 11. Bond 12. Cost 13. Stock 14. Market 15. Cash Down
Ratkaisut exercise C Translate into English. (Suggested)
1. Do consumers now have more or less money to spend than last year?
2. We are trying to be more economical these days / nowadays.
3. Does the supply meet the demand?
4. Most firms / companies / enterprises struggle to make a profit.
5. We ordinary people pay a lot of tax on our income.
The most basic principle in economics is that the price of something will rise if less of it is available or if more people want it. This is called the law of supply and demand. So if the government just decides to print more money, that money will be worth less, thus causing inflation. The best way to make a profit is to sell something people really want, but not make too much available for sale. Another basic observation is that people want things they cannot pay for. They might buy things on credit or take out a loan, usually from a bank. The interest rate charged by the lender is what makes banking so profitable. If someone spends more than they make, that is deficit spending. If they make more than they spend, they have a surplus.
exercise B Complete the puzzle to find an idiom for what an accountant tries to do. Across 1. Borrow 2. Tax 3. Loss 4. Embargo 5. Bankrupt 6. Currency 7. Deposit 8. Debt 9. Crash 10. Invest 11. Bond 12. Cost 13. Stock 14. Market 15. Cash Down
Ratkaisut exercise C Translate into English. (Suggested)
1. Do consumers now have more or less money to spend than last year?
2. We are trying to be more economical these days / nowadays.
3. Does the supply meet the demand?
4. Most firms / companies / enterprises struggle to make a profit.
5. We ordinary people pay a lot of tax on our income.