Vocabulary: Thematic & Topical Vocabulary (B2) - Lesson 5: The Economy (basic economic terms)

Lesson 5: The Economy Basic Economic Terms You hear the word " economy " on the news all the time. But what does it really mean? The economy affects the price of rice, the number of available jobs, and the development of our country. Understanding these basic economic terms is a B2-level skill that will help you understand the world better. Word Bank Key Economic Concepts economy (noun) | សេដ្ឋកិច្ច The system of trade, industry, and money in a country. trade (noun) | ពាណិជ្ជកម្ម The action of buying and selling goods and services. Example: "International trade is important for all countries." supply and demand (noun phrase) | ការផ្គត់ផ្គង់និងតម្រូវការ The relationship between how much product is available (supply) and how much people want it (demand). Example: "The price depends on supply and demand ." inflation (noun) | អតិផរណា The rate at which prices increase over time. Example: "High inflation means your money buys less." investment (noun) | ការវិនិយោគ Putting mone…