an accounting record where all business transactions are
INITIALLY entered

an obligation to settle a debt; money owed to someone

this word has 2 meanings: "stock (shares)" and "net worth"

the balance of cash receipts minus cash payments over a
given period of time

difference in value between a
country’s imports and exports.

price at which one currency can buy
another

general increase in prices

people working

official rules/ regulations/ paperwork

an economic system in which the market is supposed to be regulated
by the law of supply and demand

the quantity of a good that buyers wish to purchase at each conceivable price

the price at which the quantity demanded and the quantity supplied meet.

Double or triple-digit inflation

taxes imposed on consumers of goods and services, or on enterprises with the
expectation that the taxes will be passed on to customers in the form of higher prices.

the financial statements of a company and shows the company’s revenues and
expenses during a particular period

The exchange of goods and services in the world, or global market

a small plastic card issued by a bank, business, etc., allowing the holders to purchase
goods or services on credit

a detailed summary of a person's or a company's financial
condition at a specific point in time, taking into account their
assets, liabilities, etc

An excess of expenditure over income.