sábado, 12 de mayo de 2012

GLOSSARY

2 CONCEPTS

Stock Market- The market in which shares are issued and traded either through exchanges or over-the-counter markets. Also known as the equity market, it is one of the most vital areas of a market economy as it provides companies with access to capital and investors with a slice of ownership in the company and the potential of gains based on the company's future performance.
http://www.investopedia.com/terms/s/stockmarket.asp#ixzz1vG9Wth5v

FascismA totalitarian philosophy of government that glorifies the state and nation and assigns to the state control over every aspect of national life. The name was first used by the party started by Benito Mussolini , who ruled Italy from 1922 until the Italian defeat in World War II. However, it has also been applied to similar ideologies in other countries, e.g., to National Socialism in Germany and to the regime of Francisco Franco in Spain.

Depressionsevere downturn in the economy of a country that lasts for a year or more. GDP is a good indicator of whether we are in recession or depression. If the decline in GDP is greater than 10%, an economy is said to be going through depression. Besides reduction in GDP, an economic depression is characterized by increase in unemployment rates and decrease in the flow of money into the economy. Businesses find it exceedingly difficult to earn profits. As a result they reduce their staff that leads to unemployment. An overall crisis in industry and commerce is felt and defaults in loan repayment and bankruptcies commonly occur during an economic depression.

Inflation- Upward movement in the average level of prices. Its opposite to deflation. Inflation is caused by the amount of dollars rising relative to the amount of oranges (goods and services).

CommunismEconomic and social system in which all (or nearly all) property and resources are collectively owned by a classless society and not by individual citizens

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