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Absolute poverty
where people do not have enough resources to meet all of their basic human needs
Administration
activities involved with managing and organising the work of a company or organisation
Aggregate demand
total demand in the economy including consumption, investment, government expenditure and exports minus imports
aggregate supply
total amount of goods and services produced in a country at a given price level in a given time period
Anti-competitive practices
(or restrictive trade practices) attempts by firms to prevent or restrict competition
Appreciate
(of a currency) where the value of a currency rises due to market forces - the exchange rate increases as a result
Assembly plants
factory where parts are put together to make a final product
Assets
things or resources belonging to an individual or a business that has value or the power to earn money
Austerity
official action taken by a government in order to reduce the amount of money that it spends or the amount that people spend
Balance of paymonts
record of all transactions relating to international trade
