151.recovery £º¸´ËÕ
An increase in business activity following a recession or depression.
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Economists often disagree on whether the U.S. is in a recovery or not.
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152.sanction £ºÖÆÔØ
Coercive economic restrictions placed on one nation by another.
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The two superpowers are currently negotiating trade sanctions.
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153.service economy £º·þÎñ¾¼Ã
An economy that emphasizes services over industrial production.
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You can enjoy almost anything you want in today¡¯s service economy.
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154.slump £ºÆ£Èí
A decline in business activity.
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The car industry has been in a slump since the beginning of the year.
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155.smokestack industry £ºÅ¨Ñ̹¤Òµ
A term that refers to heavy manufacturing, such as steel or automobile manufacturing.
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Information and entertainment is replacing the smokestack industry as the new major methods of creating wealth in the economy.
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156.socioeconomic £ºÉç»á¾¼ÃµÄ
A term used to describe the connection of social and economic factors.
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The study of socioeconomic factors is important in order to understand various groups within society.
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157.stagflation £ºÖÍÕÍ
A term that combines inflation and stagnation. A condition when inflation and high unemployment occurring together.
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Stagflation is a very unpopular buzz word in the business world.
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158.stock exchange £º¹ÉƱ½»Ò×Ëù
A market where securities are traded, such as the New York Stock Exchange.
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My friends works at the New York Stock Exchange.
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159.stock market £º£¨1£©¹ÉÊУ»£¨2£©¹ÉÊÐÐÐÇé
A market in which stocks are bought and sold.
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The general condition of the sale of securities in a corporation.
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The Wall Street Journal gives a daily report of the stock market.
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160.supply and demand £º¹©Ðè
A basic economic law stating that as the price of a good increase, suppliers will be willing to produce more but consumers will demand less, so that price and quantity are both interrelated.
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All products must follow the laws of supply and demand.
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