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ENL 104 Chap 1-2 vocab

Global Economy


AB
bargainnegotiate for a better price
make ends meetmaking the income cover expenses
budgeta plan for spending
deficitthe gap that results when spending exceeds income
inflationprices rise, decreasing the value of a unit of money
recessionthe economy slows;unemployment increases
welfarewell-being;governments may take responsi the welfare of all people, or citizens or certain classes of people
ethicsa code of behavior based on moral values or stated principles
briberyexchanging money for favorable treatment
lobbyto speak for, to influence