Next week you will be given an economics assessment. In order to be able to select your topic and write about it knowledgeably, you will need to know the meanings of the following terms:
unemployment
inflation
interest rates
balance of payments
economic growth
foreign debt
industrial relations
privatisation
sharemarket
taxation
globalisation
income distribution
Find out what economists mean when they use these terms and write those definitions down in your notes so you can use them in your assessment next week.
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