Słówka – rozdz 9

Provide opportunities

Increase competition

Create unemployment

Reduce poverty

Exploit workers

Widen the gap between – poszerzać różnice/przerwę pomiedzy

Retail prices

Multinational company

Natural environment

Promote Higher standard

Controls

Free trade

Liberalise

Barriers to trade

Open borders

Subsidies – money to domestic producers

Quotas – limited quantity of product which can be imported

Policy of deregulation

Unfair competition

Strategic industries

Be less reliant on import

Free port

Developing industries

Tariffs

Dumping (selling goods below cost price)

Restrictions

Laisse-faire (government leave things up to the market)

Customs

Subsidise

Rivalry – competition

Traiding block – organization of countries (NAFTA,UE)

Infant industries ( new borns)

Imposing tariffs

Substitutes

Thereby – w ten sposób

Reduce a balance of payment deficit

Reliste against restrictions

Economies of scale

Protectionism

Counteract

Inevitable fall

Commodity prices

Imposed

Interest in bank

Repay the principal

Rollover the loans

Reschedule/postpone repayments

Imposes severe conditions

Collapse

Autarky

Balance of payments

Balance of trade

Barter or counter-trade

Deficit

Invisible imports and exports

Surplus

Visible trade/ merchandise trade

Comperative cost principle

Raise live standards

Realative productivity

Absolute advantage

Comperative advantage

Semiconductors

Aircraft

Structural unemployment