Economics

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Free trade

the exchange of goods and services between countries without tariffs, quotas, or other government-imposed barriers

Tarrifs

A tariff is a tax on imported or, less commonly, exported goods that a country's government imposes on businesses. Tariffs are used to protect domestic industries by making imported goods more expensive

Revenue

Доход

Inflation

the sustained, general increase in the price level of goods and services in an economy over a period of time, which leads to a decline in the cost of money

Domestic economy

all the economic activities, such as production, consumption, trade, and investment, that occur within the geographical borders of a country

Trade Surplus

A trade surplus is when a country exports more than it imports

Trade deficit

while a trade deficit happens when imports exceed exports.

Embargo

a governmental ban on trade with a specific country, preventing the import or export of goods, services, or currency as a form of political pressure

Quotas

a government-imposed restriction that sets a physical limit on the quantity of a good or service that can be imported into a country over a specific time period

Wide range

economics, including how individuals, firms, markets, and countries make decisions about resource allocation

Nominal

is a price or value stated in current monetary terms that is not adjusted for inflation

Expansionary

Anything called expansionary means it is aimed at stimulating demand and growth in the economy

Contractionary

Anything called contractionary means it is aimed at slowing demand and reducing inflationary pressure.

Quantitate easing

QE is like “printing money electronically” to boost the economy when traditional monetary policy tools (like lowering interest rates) no longer work.

Interest rate

Interest rates are a key monetary policy tool central banks use to control inflation, economic growth, and unemployment.