In this lesson, we’ll look at some key macroeconomic terms related to consumers and prices. This includes ideas such as the income gap, the cost of living, and the consumer price index (CPI). We will also explore concepts such as inflation and purchasing power, as well as disposable income, household debt, and consumer spending.
Download Video: VV 34 – Macroeconomics 2
In this Video Vocab lesson, we’ll look at some key macroeconomic terms, such GDP and GNP. We’ll explore the natural business cycle, which includes periods of expansion, recession and sometimes even depression. We’ll also look at the idea of trade balance between countries, which can be described as either a trade surplus or a trade deficit.
Download Video: VV 33 – Macroeconomics 1
In this Video Vocab lesson, we’ll learn business English vocabulary for describing the supply chain, beginning with suppliers, who sell materials or parts to the manufacturers that assemble products. The products then go to distributors, who transport them to retailers, where they are then sold to consumers or end users.
Download Video: VV 32 – International Trade