THE ECONOMICS A-Z (o-p-r)

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

Output - An amount of something produced by a person, machine, factory, country, etc

Payment - Compensation, discharge or performance of an obligation, or reimbursement, by giving over something that is of satisfactory value to its recipient, such as money.

Poverty - Condition where people's basic needs for food, clothing, and shelter are not being met.

Price - The amount of money for which something is sold.

Primary market - Financial market in which newly issued securities are offered to the public.

Production - The processes and methodsemployed to transform tangibleinputs (raw materials, semifinishedgoods, or subassemblies) and intangible inputs (ideas, information, knowledge) into goods or services to be sold.

Productivity - Relative measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs. Computed by dividing average output perperiod by the total costs incurred or resources (capital, energy, material, personnel) consumed in that period, productivity is a critical determinant of cost efficiency.

Profit - Money which is earned in trade or business, especially after paying the costs of producing and selling goods and services.

Rate of interest - Alternative term for interest rate.The percentage that a bank or other financial company charges you when you borrow money, or the percentage it pays you when you keep money in an account.

Revenue - Amount generated from sale of goods or services, or any other use of capital or assets, associated with the mainoperations of firm before any costs or expenses are deducted.

Risk - Probability that an actual returnon an investment will be lower than the expected return. Financial risk is divided into the following general.