| A | B |
|---|
| privatization | the transfer of ownership of businesses from the government to individuals |
| middle class | a part of society that is neither very rich, nor very poor, but has enough money to buy cars, new clothing, electronics, and luxury items |
| underemployment | (A) situation that arises when a worker must take a job that requires lesser skills than her or she was trained |
| heavy industry | to manufacture goods such as machinery, mining equipment and steel |
| light industry | the manufacture of consumer goods such as clothing, shoes, furniture, and household products |
| decree | an order issued by a leader that has the force of law |
| oligarch | a member of a small ruling group that holds great power |
| separatist movement | A campaign by members of an (ethnic) group to break away from the national government and form an independent state |
| invest | To lay out money so as to return a profit |
| comprise | to be made up of |
| unify | to unite or bring together |
| deposit insurance | A government plan that promises to repay people who deposit their money in a bank if the bank should go out of business |
| pensioner | a person who receives regular payments from the government because he or she is too old or sick to work |
