Glosary 2 - Activity 3



1.    Economics / económico / cheap , economical, inexpensive
2.    Business / negocios /deal transaction, local store, affair
3.    Inflation / inflación / increase in the prices of goods and services over time
4.    Unemployment / desempleo , paro / lack of employment It is a mismatch in the labor market
5.    Science / ciencia / It is an orderly system of structured knowledge that studies, investigates and interprets natural, social and artificial phenomena.
6.    Government / gobierno / organisms that govern or direct a political-administrative división
7.    Business manager  / gerente de negocios / He is a person who drives the work of others in order to run a large business efficiently and make a great profit.
8.    Deal / trato, acuerdo / by mutual agreement, by common consent
9.    Resources / recursos / assets, wealth or means of subsistence
10.  Food / alimento / nutritive substance that an organism or a living being takes to maintain its vital functions
11.  Housing / vivienda / It is a building whose main function is to offer shelter and shelter to people, protecting them from inclement weather and other threats
12.   Heating / calefacción /   system by which heat is provided to someone or something in order to maintain or raise its temperature   
13.   Convenince / conveniencia/ it is good, adequate or useful for someone or something.
14.   Trade-off / compensación / it is the return of a pending debt with a person or company.
15.  Effects / efecto / is what is considered as conclusion, the end or consequence of a thing
16.  Society / sociedad / group of people who relate to each other, according to certain organizational rules
17.  Microeconomics/Microeconomía: is the social science that studies the implications of human action, specifically about how those decisions affect the utilization and distribution of scarce resources. Microeconomics shows how and why different goods have different values, how individuals make more efficient or more productive decisions, and how individuals best coordinate and cooperate with one another.
18.  Macroeconomics/ Macroeconomía: Macroeconomics is a branch of economics that studies how an overall economy—the market systems that operate on a large scale—behaves. Macroeconomics studies economy-wide phenomena such as inflation, price levels, rate of economic growth, national income, gross domestic product (GDP), and changes in unemployment.
19.  Private business/ Negocios privados: a company that is owned by one person or a small group of people, for example a family, and whose shares are not traded on a stockmarket.
20.  Household/ Hogar: a group of people, often a family, who live together in a house or flat.
21.  Budget/ Presupuesto: estimation of revenue and expenses over a specified future period of time and is usually compiled and re-evaluated on a periodic basis.
22.  Run/ Correr: to go faster than a walk.
23.  Agree/ De acuerdo: To have the same views, emotions, etc.; harmonize in opinion or feeling.
24.  Behaviour/ Comportamiento: the way in which one acts or conducts oneself, especially toward others.
25.  Happen/ Ocurrir: to come into being or occur as an event, process, or result.
26.  Collect/ Recoger: describes gathering or bringing something together.
27.  Data/ Datos:  information, especially facts or numbers, collected to be examined andconsidered and used to help decision-making, or information in an electronicform that can be stored and used by a computer.
28.  Economic models/ Modelos económicos: is a simplified version of reality that allows us to observe, understand, and make predictions about economic behavior. The purpose of a model is to take a complex, real-world situation and pare it down to the essentials.
29.  Facts/ Hechos: something that actually exists, reality, truth.
30.  Figures/ Figuras: a number, especially one which forms part of official statistics or relates to the financial performance of a company.
31.  Rates/ Tarifas: a tax levied on property by a local authority.
32.  Relationships/Relaciones: Is the way in which they feel and behave towards each other.
33.  Earn/Ganar: To receive as return for effort and especially for work done or services rendered

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