Basic Economic Terms PDF

THE BUSINESS NEWS www.dailynews.com THE STUDENTS’ FAVOURITE BUSINESS NEWSPAPER - Since 2011 SOME BASIC ECONOMIC TERMS If you want to do business save the surplus on our bank with foreign partne...

THE BUSINESS NEWS www.dailynews.com THE STUDENTS’ FAVOURITE BUSINESS NEWSPAPER - Since 2011 SOME BASIC ECONOMIC TERMS If you want to do business save the surplus on our bank with foreign partners you must account or invest it to gain know English and learn some further profit. basic terminology of economy However - and this happens and economics. Economics is a more often - if your income is science while economy is an limited and you cannot earn a organized system for the living and make ends meet production, distribution and you must either economize and consumption of wealth. We can plan your family budget very also say that living within this economically, or, if you are system we are all involved in still short of many things you some kind of economic need, you will have to take performance and become small some extra work to increase scale economists trying to make your monthly salary. the most of our incomes. If we earn enough money to be called well off or even rich we can afford many things and pleasures of life. We can also  SOME BASIC ECONOMIC TERMS Words and phrases Answer the questions to do business – prowadzić interesy foreign partners – zagraniczni partnerzy 1. When is it necessary to know business English? economy – gospodarka 2. What is the difference between economy and economics? economics – ekonomia (nauka) 3. What is business performance? production - produkcja 4. What do you call a man who can afford all that he wants? distribution – dystrybucja 5. When do you save money and when do you economize? consumption – konsumpcja 6. Where can you keep your savings? wealth – bogactwo 7. What are the other ways to gain profit? economic performance – działalność gospodarcza 8. What does it mean to make ends meet? economist – ekonomista 9. How should a family budget be planned? to gain – uzyskać 10. What must you do to increase your monthly income if it is income – dochód too small? to earn – zarabiać money – pieniądze well off – zamożny Complete the sentences rich – bogaty to afford sth – pozwolić sobie na coś 1. Businessmen from abroad doing business with you to save the surplus – zaoszczędzić nadwyżkę are your …………………... bank account – rachunek bankowy 2. Making things to be sold is ……………………….. to invest – inwestować 3. The act of using something is ………………………... profit –zysk 4. The dividing of something among a number of people or to make ends meet – związać koniec z końcem places is ……………………………. to economize – oszczędzać (niedobór) 5. A regular monthly payment for office work is ………….... to plan family budget – planować budżet rodziny 6. Money gained is …………………... to be short of… - mieć braki 7. More than you need is a …………………….. extra work – dodatkowa praca 8. To put money into something for profit is ……………. salary - zarobek  SOME BASIC ECONOMIC TERMS Reinforcing and developing are: bank, account, budget, profit, to invest. Remember also terminology that zarobek is called salary for non-manual employees (pracownicy umysłowi), while wages for manual workers You already know the phrase to do business presented in (robotnicy fizyczni). the text above but there are many other phrases and compound Economy enters into nearly every area of our life. Hence terms with this well known word business. And so there are: a many phrases from everyday English are used in the language businessman, business tasks, business performance – try to of both economy and economics. You have already met some find their Polish equivalents. There is also business-like in the text: meaning practical, methodical, using skill and common sense, to earn a living - zarabiać na życie clever at business, a good business manager. There is finally to make ends meet - związać koniec z końcem business language, in your case business English, the subject to be short of … - mieć braki of your studies. to take extra work - podjąć dodatkową pracę Don’t confuse the meaning of economic – gospodarczy and foreign partners - zagraniczni partnerzy economical – oszczędny, as well as economy – gospodarka i to do business - prowadzić interesy oszczędność and economics – ekonomia jako nauka. Remember also the phrase economic performance and always use it when you want to say działalność gospodarcza. The term rich has its synonym wealthy – bogaty (from wealth – bogactwo, dobro. Well off is a little weaker and means zamożny. The text includes other useful phrases used in the language of economy (and economics as well), e.g.: to earn money – zarabiać pieniądze, to afford (sth) – pozwolić sobie (na coś). Other important terms are: to save – oszczędzać and surplus – nadwyżka. Remember that we economize because we have too little money and we save when we have more than we need. Of course to save means also ratować but we are not concerned with this meaning here. Other very important economic terms to be remembered  SOME BASIC ECONOMIC TERMS Translate into English: 1. Ekonomia jest nauką, a gospodarka – systemem produkcji, dystrybucji i konsumpcji towarów i usług. 2. Sytuacja gospodarcza naszego kraju jest bardzo trudna. 3. Musimy oszczędzać aby związać koniec z końcem, 4. Gospodarka rynkowa jest różna od centralnie planowanej. 5. Ten samochód jest bardzo oszczędny (ekonomiczny). 6. Wydaje się, że działalność gospodarcza naszego kraju powinna się rozwinąć. 7. Jeśli zainwestujesz pieniądze w to przedsiębiorstwo, twój dochód może być większy niż się spodziewasz. 8. Ludzie zamożni zazwyczaj chcą się stać bogaci i starają się zwiększyć swoje dochody. 9. Być może w przyszłości będziemy mogli oszczędzać Using the terminology of the text nadwyżki, na razie jednak musimy oszczędzać, ponieważ say in other words: mamy niedobory w naszym budżecie rodzinnym. 10. Robotnicy domagają się wyższych płac. 1. Money for you and your family. 2. You have more money than you need. 3. You put your money in a business to gain profit. 4. Not quite rich but comfortable. 5. All money you get a month, a year, etc. 6. You should keep your surplus there. 7. Using up goods. 8. All activities connected with production, distribution and consumption of goods and services. 9. To have contacts with partners for profit. 10. To get money for your work.