THE ECONOMICS A-Z (a-b)

Read the follwing definitions of vocabulary associated with Economics. Then try to find the Spanish word:

Absolute advantage - The ability to produce something with fewer resources than other producers would use to produce the same thing.

Advertising - The business of trying to persuade people to buy products or services.

Aggregate demand - The total planned (ex ante) level of spending on goods and services within an economy.

Aggregate supply - The total value of goods and services produced in an economy.

Amortization -To reduce a debt by paying small regular amounts.

Appreciation - A rise in the value of an asset.

Assets - Something valuable belonging to a person or organization which can be used for the payment of debts.

Balance of payments - The total of all the money coming into a country from abroad less all of the money going out of the country during the same period.

Bank - A financial institution accepts checking deposits, holds savings, sells traveler's checks and performs other financial services.

Barriers to entry - Obstacles that make it difficult to enter a given market.

Benefit - The gain received from voluntary exchange.

Bond - A certificate reflecting a firm's promise to pay the holder a periodic interest payment until the date of maturity and a fixed sum of money on the designated maturity date.

Budget - A plan to show how much money a person or organization will earn and how much they will need or be able to spend.

Business - The activity of buying and selling goods and services, or a particular company that does this, or work you do to earn money.